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Mrs. Davaasuren B. is 29 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional Mongolian nomadic tent. Davaasuren’s husband used to run a taxi business using his family’s car, but currently he is at home because he sold the car and is trying to replace it.

Davaasuren operates a public toilet on the Intercity bus station, which she rents from the local council. Her business is doing well and it is the only source of family income at the moment.

Davaasuren has applied for a loan to replace the old fences around the ger in which they live.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,222.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Davaasuren to buy wooden planks to replace the old fences around her ger.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 11, 2011
Mar 18, 2011
Currency Exchange Loss:
Nov 15, 2011