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Gerelsuren, 26 years old, lives with her husband and six year old child in Darkhan, the second largest city of Mongolia. Since 2010, she has been working in a train station and her husband works for National Emergency Agency of Mongolia. Their son goes to secondary school.

The family has begun to build their own house, completed in 2012. But it is missing the furniture that will make the house a comfortable living space, so she is requesting the loan of 3,000,000 MNT to buy them. A comfortable and good, quality house will certainly make their life better and in return she and her husband will work enthusiastically and invest in their son’s education without worry.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,398.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,150 helped Gerelsuren to buy furniture.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Dec 9, 2012
Currency Exchange Loss:
Dec 17, 2014