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Munkhnasan
Mrs. Munkhnasan, 42 years old, lives alone in Ulaanbaatar, the capital city of Mongolia. She has been teaching at the university for 12 years, and is considered to be the best teacher by students.

Her only daughter studies in America, and works part-time to cover the costs of living, but still needs financial help. She is requesting a loan of 4,000,000 MNT to pay for her daughter's tuition fee.

She has high expectations for her daughter, and her dream is to see her daughter live a happy life; she thinks a good education is the main component of a happy life.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,487.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,700 helped Munkhnasan to pay for university tuition fees for her daughter.
96% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2013
Listed
Aug 7, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014