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Mrs. Erdenetuya, 42, is a program developer for an NGO (non-government organization). She has had this job for two years and her husband works as a blacksmith. She and her husband live with their three children in a rental apartment in Darkhan, the second largest city in Mongolia. In addition to her work at an NGO, early each morning she sells milk outside of her apartment building. She buys the milk from herders the day before she sells it and keeps it in a freezer in her home. Lately, her freezer has begun to break down so she is applying for this loan to buy a new one because she needs it to run her second business.

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
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Erdenetuya to buy a new freezer to store milk.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 4, 2012
Sep 19, 2012
Currency Exchange Loss:
Oct 17, 2014