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Bolortuya
Mrs. Bolortuya, 34 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She works as a decorator at a private company. Her husband earns income by using his truck to transport goods. The family resides in their own house on a plot of land. The house they live in needs some home appliances. Also, the truck her husband uses has deteriorated over the years and needs some repair. As winter comes to Mongolia, the house gets cold and the family is in need of some heating source. So she is requesting a loan of 3,000,000 MNT to purchase an LCD television, carpet, coal and some equipment for truck repair. As a result, the family can improve their living environment, as well as repair their income-generating truck.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Bolortuya to purchase home appliances and coal.
90% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 2, 2013
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014