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Chuluunsuren, 41, is a teacher. She has been teaching for 7 years since she graduated from college.

She lives with her husband and daughters in Kherlen, a boundary town in western Mongolia.

Her husband works as a fireman, but his income is not so good. Chuluunsuren’s monthly salary does not meet her family's expenses.

Chuluunsuren and her husband decided to start a new taxi business to increase their family's income.

Now she needs over MNT 1.600.000 to cover the cost of purchasing a new car to start the taxi business.

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
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Chuluunsuren to cover the cost of purchasing a new car to start the taxi business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 2, 2011
Dec 13, 2011
Currency Exchange Loss:
May 16, 2012