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Enkhtungalag
Enkhtungalag is 31 years old and lives with husband and two sons in Darkhan, the second largest city in Mongolia. Enkhtungalag has worked as a nurse in the hospital for seven years. She and her family live together in a small house, which they own. Her older son, Munkh-Tamir, is four years old and attends a kindergarten. Her younger son, Munkh-Orgil, is one year old and stays at home with her grandmother. Her husband is builder. During 2011, they bought land with an old wooden house. Enkhtungalag wants to repair the wooden house. She is a requesting a loan 2,500,000 MNT to purchase construction materials such as windows, tapestry, color, bricks and cement.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,379.3
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $1,825 helped Enkhtungalag to purchase construction material such as windows, tapestry, bricks and cement.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 30, 2012