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Enkhjargal is 28 years old, married, and has one child who attends school. She lives in Ulaanbaatar, the capital of Mongolia. The family resides in their own house on a plot of land. Enkhjargal has been working at a private business entity and was recently promoted to sales manager. Her husband recently began to work at the same business entity where she works.

The family moved to their house and needs to purchase some furniture for their home. Enkhjargal is requesting a loan for 3,000,000 MNT, which she will use to purchase a sofa, table, chairs, and drawer. As a result, her empty house will be filled with some high quality furniture.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Enkhjargal to purchase a sofa, table, chairs, and drawer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 4, 2013
Apr 11, 2013
Currency Exchange Loss:
May 18, 2015