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Mrs. Khishigdelger, who is 44, runs a small translation bureau with her husband in Ulaanbaatar, the capital city of Mongolia. In a day she translates approximately 25-30 pages. She has been running her business for 9 years and has gained a lot of experience from her business.

Last winter, this couple purchased an old apartment with 3 rooms in the suburban district, but it needs a big repair to the most of its parts. Specifically, its living room, kitchen, and bathroom need to be fully renovated. Khishigdelger is planning to renovate it herself with her husband this April. The loan she is taking will be dedicated to purchasing the necessary building materials for her apartment repair.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Khishigdelger to purchase necessary building materials for her apartment repair.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Mar 29, 2012
Currency Exchange Loss:
Jan 15, 2013