Check out some available loans that are similar to this one!
Erdeneselenge
Mrs. Erdeneselenge, 39 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. She currently takes care of her son, who is 3 years old. Mrs. Erdeneselenge married her husband only three years ago and they live in a rented ger, a traditional Mongolian nomadic tent. Her husband, Mendbayar, has been operating a taxi business for many years. Now he has been registered to a taxi call center which operates in the north suburban side of the city. This area is very busy, especially in the summer, because in warm seasons people tend to move to houses in that area whereas in winter they move back to the city center. This area always lacks bus services.

Erdeneselenge is planning to buy a plot of land upon which to build a family house later on. She has started negotiations and she needs to pay the money for the land. She and her husband are going to use their savings to pay for the land, but still need some additional money. Erdeneselenge is requesting a loan to be used as the remaining payment for the land plot. She has already paid the advance payment.

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
  • 1,210.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Erdeneselenge to help pay for a plot of land.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012