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Mrs. Baasanjargal, 40 years old, is a nurse and lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. She has been working as a nurse in a hospital since 2006. This borrower owns a small, private plot of land and wants to build a garage there. Therefore she needs some building materials amounting to MNT 2,000,000 to build the garage.

The loan Baasanjargal is taking will be dedicated to purchasing construction materials to build her garage. After that, she has a plan to have a grocery store on her own land.

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
  • 1,243.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Baasanjargal to purchase construction materials to build a garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 22, 2011
Jul 26, 2011
Currency Exchange Loss:
Aug 15, 2012