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Mrs. Unurtsetseg is 52 years old, widowed and lives with her two sons in Darkhan, the second largest city in Mongolia. Her younger son is a truck operator for an ore mine and her other son has graduated the university this year, but he is unemployed now.

During 1975-2003, she worked in the state's meat-processing plant in her native city. Now, she has been a worker of a meat or gut exporting company since 2003. By the way, she is a responsible worker who has gained much experience from the long duration of her previous employment. Currently, her income is the main living source of this family. Absolutely it’s not enough and it's difficult to raise her children. Therefore, she wants to buy a car for her older son to run a taxi service and then increase the family income. The loan Mrs. Unurtsetseg is taking will be devoted to purchasing a car for a taxi business and then to increasing their family living source with the profits.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,242.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Unurtsetseg to purchase a car to start a taxi business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 28, 2011
Jul 8, 2011
Currency Exchange Loss:
Apr 15, 2012