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Narannyam is 27 years old and a television broadcaster. He is unmarried and lives with his mom and brothers in the ger district of traditional Mongolian nomadic tents in Ulaanbaatar, the capital city of Mongolia. He is a very hard-working man who want be busy all the weekdays. He has a plan to start a grocery store business near his home selling basic food commodities needed by the households around his store. This month he will start to build his store and needs money to buy the building materials necessary. He took a loan from other bank which he repaid successfully on time.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,263.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,775 helped Narannyam to buy building materials necessary to build his grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 12, 2011
Sep 26, 2011
Currency Exchange Loss:
Jul 15, 2012