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Mrs. Tosondalai, 36, is a sewer who lives in Ulaanbaatar, the capital city of Mongolia with her husband and two children who are 14 and 16 years old. She has been running her business making clothes for five years. Previously, she worked as a master sewer in the garment industry. She hired one sewer to help her business part time.

In recent times, her house fence became very bad and dangerous overall. So she is planning to rebuild it fully with block bricks. To make it safe or solid, she needs a total of 3,000 pieces of block bricks to build it. Therefore, she is taking a loan of MNT 2,500,000 to build a new block fence.

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
  • 1,249.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Tosondalai to build a new block fence.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 7, 2011
Jul 27, 2011
Currency Exchange Loss:
Sep 15, 2012