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Mrs. Chimedtsogzol, 46 years-old, sells auto goods and spare-parts in the market. She has been running her business since 2003, and already has many customers. She lives with her family in a ger, a traditonal Mongolian nomadic tent in Ulaanbaatar, the capital city of Mongolia.
Mrs. Chimedtsogzol wants to expand her business and develop it further. She needs to increase her working capital first as it will expand the sales volume of her business. The loan will be used to purchase a large quantity of sales goods to increase working capital.

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
  • 1,410.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Chimedtsogzol to purchase a large quantity of sales goods to increase working capital.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 19, 2012
Jan 29, 2012
Currency Exchange Loss:
Apr 17, 2013