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Tserendolgor, 24 years old, lives with her husband and 2-year-old daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in a five-walled Mongolian traditional ger (portable felt dwelling). She is a music teacher but currently is not working to look after her daughter. Her husband is currently unemployed. They decided to purchase an automobile to render taxi service to local people. She is requesting a loan of 1300000 MNT to cover the cost of buying an automobile. The borrower and her husband believe that getting the loan for purchasing a car will surely help improve their living standard.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,435.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Tserendolgor to purchase an automobile.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 10, 2013
Jul 3, 2013
Currency Exchange Loss:
Jul 21, 2015