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Erdenetsetseg is a 39-year-old widow who lives with her two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a ger, the traditional Mongolian nomadic tent. Her oldest son, Erdenebileg, is 19 years old and he attends university. Her daughter, Undarmaa, is 11 years old and attends a local secondary school.

She operates a coal and firewood trading business. Erdenetsetseg started her businesses in 2000 and made quick progress. Erdenetsetseg is a very hard-working person. However, in 2002, her husband passed away and she was left to raise her two children. At that time, it was hard for her to continue her work, but she has since worked diligently to grow her businesses to their current successful position. She is requesting a loan to purchase construction material to build house.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Erdenetsetseg to purchase construction material to build a house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 22, 2010
Apr 28, 2010
Currency Exchange Loss:
Jun 15, 2011