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Tserendejid, 56 years old, lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. She has been selling clothes by renting a stall at the trade center since the end of 2013. Before this business, she worked in Korea for twelve years and specialized in tailoring. She is requesting a loan of 3,000 USD to buy a sewing machine and textiles. This will significantly improve their living standard and allow her to afford managing her daughter's illness. The borrower is a very hardworking individual who cares her family deeply.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Tserendejid to buy a sewing machine and textiles.
60% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 3, 2014
Mar 18, 2014
Currency Exchange Loss: