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Erdenesuvd is 20 years old. She lives in “Marshall town” in a one-bedroom apartment with her mother and younger daughter in Ulaanbaatar, the capital of Mongolia. Her mother works at Mongol Alt LLC and her younger sister attends a local secondary school.

For a living, she owns and operates a jewelry business. At the same time, she has been studying at the University of Science and Technology since 2009. With the earnings, she has been paying her tuition fee. She recently passed a driving test and obtained her driving license. She is requesting a loan for 1,200,000 MNT to increase her business.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,227.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Erdenesuvd to increase business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 24, 2010
Dec 10, 2010
Currency Exchange Loss:
Dec 15, 2011