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Densmaa
Mrs. Densmaa, who is 51 years old, is a widow who lives with her three children in Ulaanbaatar, the capital city of Mongolia. She has been working for an autobus service business as a conductor. Her elder son works as an autobus driver for a private transportation entity. One of her daughters works as a receptionist at a hotel. This year, her elder son began to live separately from her.

Mrs. Densmaa is requesting a loan of 2,000,000 MNT to buy furniture for her son’s home. This will enable the home to become a comfortable living place and give them enthusiasm.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,398.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Densmaa to buy furniture.
88% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015