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Mr. Zoljargal, 26, works as driver in the state organization. He lives with his family in Kherlen, a boundary town of western Mongolia. His wife, Soyoltsetseg, runs a tailoring business in a rented shop. Since 2008 she has been running her business with her husband and already has many permanent customers. She has hired 2 other sewers and they always have a high workload. Next month her tailoring shop will be expanded by one other employee. It will be part of their business improvement. Due to this they need to purchase a new sewing machine with double-cross stitching capability. The loan Zoljargal is taking will be used to purchase a new sewing machine for expanding his wife’s tailoring shop.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Zoljargal to purchase a new sewing machine for expanding his wife’s tailoring shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 5, 2012
Jan 25, 2012
Currency Exchange Loss:
Jun 15, 2012