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Mrs. Bayarmaa, 35 years old, lives with her husband and 8 year old son in Ulaanbaatar, the capital city of Mongolia. In 2004, the couple moved to Ulaanbaatar and lives in a traditional Mongolian home , which is made with felts.

She has been running superstore for three months;prior to this, she had been working as a seller in another person’s superstore. Her husband makes advertisement boards, and in summer, builds houses for additional income.

She wants to educate her son, and improve her family’s living standard, so she is working really hard. She is requesting a loan of 800,000 MNT to increase her working capital by purchasing candies, sweets and breads. As a result, the family can generate more income for their life and their son’s education.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Bayarmaa to increase her working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 3, 2013
Jan 14, 2013
Currency Exchange Loss:
Nov 17, 2013