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Tsevelmaa
Tsevelmaa, 63 years old, lives with her son in Ulaanbaatar, capital city of Mongolia. Her son was working in Korea for years and has now come back to Mongolia to take care of his mother.Because she lives alone in her house on plot of land and the are she resides has high risk of robbery and theft. Her daughter currently is working in Korea on a labor contract and sends her money, sometimes.

In 2010, with her saved money of 800000 MNT, she opened her grocey store. She runs small grocery store on her plot of land and it has been operating stably for almost two years. Her son and daughter-in-law are renting a place where they are operating a restaurant.

Tsevelmaa is requesting a loan of MNT 1500000 to contribute to her son’s business. the money will be spent for operational costs, rents, appliances and furniture. As a result, she can help her son to improve his living standard. She is a very hard-working individual whose only dream is to see her son living happily.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,387.7
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Tsevelmaa to support her son's restaurant business.
90% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Jan 14, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014