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Naranchimeg, 30, works as a janitor in the public theater. She lives with her husband in Darkhan, the second largest city in Mongolia. Her monthly salary usually does not cover her necessities and she wants to start saving for her family.

Recently Naranchimeg decided to start a retail clothing business in the bazaar. She believes that the new business she starts will increase her earnings considerably. The loan she is taking will be dedicated to the purchase of some clothes for resale.

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
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Naranchimeg to purchase some clothes for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jan 26, 2012
Jan 30, 2012
Currency Exchange Loss:
Apr 23, 2012