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Mrs. Narantuya, 50 years old, lives with her husband and two sons in Ulaanbaatar, the capital city of Mongolia. Her husband has retired from work and gets a state pension. Her elder son currently stays at home and is unemployed and her younger son studies at the university. She has been selling various small sized items to local people since 2001 and accumulated a vast amount of experience in this business. Before this business, she had worked as doctor's assistant at a hospital for five years. She is requesting a loan of 3,000,000 MNT to purchase goods from China. As a result, she can continue to run her business without worrying about an inventory shortage. Because her goods are small and fast circulating items, there is no worry she can't sell all these items. The borrower is a very hardworking individual who wants to improve her life.

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
  • 1,418.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Narantuya to purchase more inventory from China to sell.
100% repaid
Repayment Term
30 months (Additional Information)
Repayment Schedule
May 17, 2013
May 23, 2013
Currency Exchange Loss:
Oct 17, 2015