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Mrs. Daariimaa, 27 years old, lives in a rental apartment with her husband and child in Ulaanbaatar, the capital city of Mongolia. Daariimaa's husband has been rendering taxi service to local people for a long time and has accumulated a vast amount of experience. Her son goes to kindergarten. She herself has been running a handbag sales business for three years.

A very hardworking individual who strives for a better future, Daariimaa is requesting a loan of 3500000 MNT to purchase a large quantity of handbags from China. This will enable her to continue running her business without worrying about an inventory shortage.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Daariimaa to purchase a large quantity of handbags.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 8, 2013
Apr 11, 2013
Currency Exchange Loss:
May 17, 2014