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Mrs. Davaasuren C. is a 51 year-old widow. She has 2 children who are married and live with their families. Her husband passed away last year from cancer. Davaasuren lives on her own in her house in Darkhan, the second largest city of Mongolia. She works in “Solongo”, a small food factory, as a manager. The factory makes different types of jams and purees from fruits.

Each year she does some renovations to her house. Last year she managed to replace all the windows of the house. Now she is planning to do some renovations to the interior of the house. The loan will be used to replace ceiling and wall papers and to do some interior renovation to 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 Mongolia

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,220.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Davaasuren to replace hanging ceiling and wall paper and do some interior renovation to the house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 11, 2011
May 16, 2011
Currency Exchange Loss:
Nov 15, 2011