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Nyamkhuu, 29 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. The family resides in a rental apartment.

She has position in the transportation monitoring department at the train station. Before this job, she had been working as a dressmaker and health analyst since 2003 in various work places. Her husband works as a serviceman at the bus station. Their son is first-year student at high school.

Last year they began building their own house on a plot of land after acquiring the license to own the land from the state. But due to a lack of finance, they didn't finish the work, so she is requesting a loan of 3,000,000 MNT to purchase building materials such as bricks, cement, gypsum and planks. As a result, the family can finish building their house and move from the rental apartment into their own home. The borrower is a very hardworking individual who strives for a better future.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,423.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Nyamkhuu to purchase building materials.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
May 10, 2013
May 17, 2013
Currency Exchange Loss:
Feb 17, 2015