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Samand
Samand B. is 41 years old and lives with her two daughters in Ulaanbaatar, Mongolia. A year ago, she divorced her husband. Now she lives with her two daughters in a ger, a Mongolian nomadic tent. Her daughters attend a secondary school. B. operates a trucking business with her Kia Forter truck, which has a capacity of two tons.

B. is a modest, hard-working person and is very committed to improving the quality of her life. Business is very important to her. B. says, “My daughters are very smart. I believe that they will grow into good people. As a mother, I would like to be financially able to provide a good education and other necessary expenses for my children until they grow up. Also, I would like to expand my business and to purchase my own apartment for my family in the future.”

She is requesting a loan to purchase construction materials to build a house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,368.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Samand to purchase construction materials to build a house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2010
Listed
Jul 6, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 18, 2011