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Mrs. Ariuntuya, 46 years old, lives with her husband and two daughters in Ulaanbaatar, capital city of Mongolia. She has been running a driving school since 2007 while her husband takes care of running a pub. Their elder daughter studies in Taiwan for a bachelor degree in international relations. She is requesting a loan of 4700000 MNT to pay for her daughter's tuition fee. She thinks the best thing she can do for her daughter is to invest in her education and open her opportunities for better life.

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
  • 1,669.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Ariuntuya to pay for tuition fee.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 18, 2013
Currency Exchange Loss:
Apr 17, 2015