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Mrs. Enkhtuya is 43 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her family live in the house which they built two years ago using a loan which was taken from our MFI. The loan was successfully repaid on time.

Mrs.Enkhtuya has been running a newspaper and grocery kiosk at the bus station for 11 years. She has gained lots of experience in running the kiosk and she works from 6:00 in the morning till 11:00 in the evening in rotation with her elder sister.

This time Enkhtuya is planning to build a warm garage for her family car. The warm garage is essential in Mongolia especially in wintertime when the temperature reaches minus 40 degrees Celsius at night. The loan Enkhtuya is requesting will be used to build this warm garage for her family car.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,247.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Enkhtuya to build a warm garage for her family car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 8, 2011
Jun 13, 2011
Currency Exchange Loss:
Jun 15, 2012