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Erdenetsetseg
Mrs. Erdenetsetseg, 46 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. Her eldest son just graduated from Railway College and lives separately. Her youngest son is studying in college. Erdenetsetseg is a taxi driver. She has been running a taxi business since 2001 using her family car. She transports people between Ulaanbaatar and Khandgait, a residential town located 25 km to the north. Erdenetsetseg is a very nice and sociable person who is working to provide her family with necessary income. A few years ago, she built a house for her family. The house now needs some repairs and renovation. Mrs. Erdenetsetseg is requesting a loan to buy the necessary building materials and to repair the 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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,222.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Erdenetsetseg to buy building materials and repair her house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011