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Badarch
Badarch, 36 years old, lives with her husband and three children in a Mongolian traditional ger (portable felt dwelling) on her father's land in Ulaanbaatar, the capital city of Mongolia. She has been working as a nurse in a hospital since 2011 and at the same time, during her day off, she studies toxicology at medical college. Her husband works as an automobile driver at a private firm. She is requesting a loan of 970,000 MNT to pay for tuition fees as she has currently no cash at her side. The investment in education has a high return as it will open the opportunities for higher salary, promotion in the workplace and respect from others.

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
  • 18
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,727.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Badarch to pay for tuition fees.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014