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Altantsetseg
Mrs. Altantsetseg is 44 years old and lives with her husband, both of her children have moved out. She is a cook and has been working as a cook in some public organizations since 1986.

Since she married and moved to the new apartment with her family, she has still been using their initial furniture which was made in Russia. The furniture has became very old and is damaged now. Therefore she decided to buy new Korean and Western furniture for her home. It needed over MNT 2,500,000 to purchase. The loan she is taking out will be used to purchase the new furniture to do renovations at her home.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,292.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Altantsetseg to purchase the some new furniture to do renovations at her home.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 8, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012