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Mrs.Tsetsegee is a 62-year-old transport driver. She lives with her husband, daughter and her niece in Ulaanbaatar – the capital city of Mongolia. This year, her niece is going to enter college. Tsetsegee’s profession is an auto mechanic and she has worked in her profession for 20 years in a transportation bureau. Currently she runs a transportation business with a minivan in a transportation company named Shine Uul LLC. She started in 2001. Her minivan is becoming very old and is running badly. It is in a dangerous condition to transport passengers. Therefore, she needs to repair her minivan immediately. She is requesting a loan to purchase some spare parts to renovate her transportation minivan.

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
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Tsetsegee to purchase some spare parts to renovate her transportation minivan.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 23, 2011
Aug 31, 2011
Currency Exchange Loss:
Sep 17, 2013