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Mrs. Tuya is 60 years old, widowed, and lives with her mother in her mother’s one-room apartment. She speaks Mongolian, Russian and English. Her husband was getting a PhD in the USA but passed away suddenly while he was visiting in Mongolia. After he died, everything she was planning in her life was torn apart. Then she had to move to Mongolia to look after her mom because of the health problems she was having. Her daughter is studying in the USA. Since she came back to Mongolia and she rented a small shop space in one of the shopping centers in town and started to resell clothes from China.

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
  • 1,256.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Tuya buy more clothes to resell in order to make more profits to support her mother.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 14, 2011
Jun 17, 2011
Currency Exchange Loss:
Jan 15, 2012