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Mrs. Gundegmaa. 42 years old, lives with her husband and three children in Erdenet, the third largest city of Mongolia. Her husband has been working as a teacher at an automobile driving school since 2009. Gundegmaa has been working as a weaver at a carpet factory for almost ten years. Her elder son is graduating from his university next year, and her daughter is beginning her university studies this September. Her youngest son goes to high school.

Because two children will be studying at university this year, affording tuition will be a problem for the family. So Gundegmaa is requesting a loan of 4,400,000 MNT to pay the tuition. She thinks university education will help her children in the future and open infinite opportunities to them.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,557.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,850 helped Gundegmaa to pay tuition for her son in his last year, and her daughter in her first year, at university.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 26, 2013
Aug 29, 2013
Currency Exchange Loss:
Aug 17, 2015