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Mendsaikhan
Mendsaikhan, 35, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land. He has been transporting goods within the city since 2011. His wife is currently unemployed and looks after their children. Their children both go to elementary school. He is requesting a loan of 2000000 MNT to purchase furniture such as a fridge, a desk and chairs. By doing so, his family will live in a more comfortable place. This borrower is a very hardworking individual who cares deeply for his family.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,565.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $1,300 helped Mendsaikhan to purchase furniture such as a fridge, a desk and chairs.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 25, 2013