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Enkhtsetseg
Mrs. Enkhtsetseg, 39 years old, lives with her husband and three children in Darkhan, second largest city of Mongolia. The family resides in a house on a plot of land. She and her elder son have been working as a janitor and a welder, respectively, at a cement factory since 2010. Her husband has the position of operator at a mining company.

She is requesting a loan of MNT 2,000,000 to pay her daughter's tuition fees, as her family currently has no cash available. Her daughter studies at one of the best high schools in Darkhan, and Enkhtsetseg thinks a good education is the lifelong investment she can afford for her children.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,700.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,200 helped Enkhtsetseg to pay her daughter's tuition.
82% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible