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Dagvadorj, 42, produces diary products such as milk, yogurt, butter and dried curds with his wife. Then he sells them to customers in the market. This is a business what is the main income source for his family. He has been running his business for 2 years and he has been trying to gain enough experience in his business. He lives with his 3 children and his wife in a ger, a Mongolian nomadic yurt, in a district in Ulaanbaatar, the capital city of Mongolia.

Dagvadorj wants to improve his business through the packaging of his products which meets with the hygienic requirements. It will be the standardized goods packaging. His products do not have any dedicated packaging currently. Now he needs the equipment to package goods of various types and sizes. Principally, he is planning to use recyclable brown paper for his products packaging. The loan he is taking will be dedicated to purchase packaging equipment and packing raw materials.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Dagvadorj buy food packaging equipment and supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 17, 2012
Apr 30, 2012
Currency Exchange Loss:
Nov 17, 2013