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Mrs. Byambaa, 54, is responsible for a public toilet in a bazaar called “Da-Khuree”. She has been running her business since 2007 and owns 3 toilets in other places within the bazaar. She lives with her son and husband in the slum district of Ulaanbaatar, the capital city of Mongolia.

Her home furniture has been used for many years and she still has not been able to replace it with new furniture. All of it has became old and damaged. Therefore she decided to buy new Korea and Western furniture for her home. She needed over MNT 2,200,000 to purchase it. The loan she is taking will be used to purchase the new furniture for 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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,292.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Byambaa to purchase some new furniture for her home.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 28, 2011
Nov 14, 2011
Currency Exchange Loss:
Nov 15, 2012