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Suubileg, 28 years old, has been running a taxi service for 5 years. He lives with his 2 daughters and wife. His wife is a shop seller, his older daughter attends secondary school and his younger daughter has an impairment. The family lives in a ger, a nomadic tent, on a small piece of land near the mountain peak. It is a very difficult and dangerous place for them to live, especially in winter. Therefore, Suubileg is planning to replace his land with a better location near downtown so that his family can live in a safe environment. Suubileg plans to use this loan to help pay for the land.

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
  • 1,242.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Suubileg to help with his land payment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 17, 2011
Aug 27, 2011
Currency Exchange Loss:
Apr 17, 2013