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Bolor-Erdene is 19 years old and lives with her husband in their ger, a traditional Mongolian yurt, in Ulaanbaatar. She runs a taxi business and her husband works as a plasterer. They built the ger nearby the parents' house, on the plot of land of her parents-in-law. Both sets of parents bought a ger as a gift for their wedding.

In the future, Bolor-Erdene wants to have her own land and house, and to educate herself at university. She tried to get into university this year but she was late for admissions.

As a young married couple, Bolor-Erdene and her husband want to buy furniture to furnish their ger in order to improve their living conditions.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $950 helped Bolor-Erdene to buy furniture to furnish her ger.
98% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 26, 2012
Nov 25, 2012
Currency Exchange Loss:
Sep 17, 2013