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Enkhzaya
Mrs. Enkhzaya, 24, is a waitress in a French restaurant in Ulaanbaatar, the capital city of Mongolia. She lives with her husband and her son in an apartment in the boundary district of Ulaanbaatar. Since her family moved into that apartment, they have not made any adjustments or renovations. It has become very old and uncomfortable to live there. Therefore Enkhzaya is taking a loan to purchase some building materials to renovate her apartment.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Enkhzaya to purchase building materials for renovation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 3, 2011
Listed
Nov 10, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012