Stories tagged with Credit Mongol

May 5, 2013 MN Mongolia

a massive silver statue of Chinggis Khan looms 40m high on a snowy spring morning at Tsonjin Boldog, east of UB

Spring may have arrived in Mongolia, but for two Kiva staff who visited me in April, winter gave one last hurrah and dumped the largest snowfall I’ve seen since being here (a whopping 2 inches!).

If you’ve had a chance to read some of my past blog posts, you’ll already know that winter in Mongolia is a big deal—even for a Canuck like me....

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May 5, 2012 MN Mongolia

Jon Hiebert | KF 17 | Mongolia

This family was surprisingly connected. They showed me that the solar panel could charge their cell phones, and yes, they have reception here!

As we drove hundreds of kilometers on this “Mongolian highway” (dirt road), the only thing that broke the vast nothingness was animals and the occasional ger (Mongolian nomadic tent).  We were headed to a city called Kherlen in the Eastern Mongolian province of Dornod, where  I was scheduled to check in with five borrowers to verify some information.

While bumping...

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Mar 3, 2012 MN Mongolia

Jon Hiebert | KF 17 | Mongolia

I woke up on Friday morning just like every other morning.  Slightly pleased with the late start of 9:00 a.m., I still felt awkward getting dressed in my business suit. Then I enjoyed my Choco Chips cereal with milk in bed while getting mentally prepared for another day of laptop projects.

Lookin’ good but a little anxious in my suit.

To get to the office, I walked the tiled sidewalks only recently freed from a four-month coat of ice. I went upstairs, set up my Macbook in Transcapital‘s clean, newly-...

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Mar 3, 2011 MN Mongolia

Congratulations to Credit Mongol! This Kiva field partner in Mongolia recently achieved active status on the Kiva website.  As you may well know, Kiva partners with microfinance institutions (MFIs), like Credit Mongol, in countries across the globe, reaching hundreds of thousands of entrepreneurs. These partnerships are what make Kiva possible on a large scale.

Kiva Fellow and Credit Mongol Kiva staff

Until an MFI meets the...

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Jan 1, 2011 MN Mongolia

A Kiva Coordinator is someone who organizes and manages the Kiva program at one of Kiva’s field partners. Watch the video to find out what a Kiva Coordinator does everyday, their favorite aspects of working with Kiva, and also the challenges of being a Kiva Coordinator. As a Roaming Fellow, I had the opportunity to interview three Mongolian field partners – XacBank, Credit Mongol, and Transcapital....

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Jan 1, 2011 MN Mongolia

The winter technically began on the winter solstice, the shortest day of the year – December 22. Although from October, families have been making fires to keep warm and temperatures have been well below freezing for some time. Now, we’re in the fourth set of nines in the Mongolian winter, the coldest set! I woke up this morning to -33 degree Fahrenheit temperatures in the capital city. In the countryside, it’s even colder! One of the coldest provinces, Uvs, is -41 degrees Fahrenheit today, without factoring in the wind chill. Here’s the breakdown of the 9 Nines:

  • The...
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Jul 7, 2010 MN Mongolia

By Kevin Henderson, KF11, Mongolia

“What is microfinance?” I’ve been asked this question a lot during my time as a Kiva Fellow. I used to answer by saying “microfinance is extending credit to people who do not have access to the traditional financial system” then remembering Kiva Fellows training I would add, “but not just credit, it’s providing other financial services, too.”

I think because Kiva is a lending platform and the field partner I primarily work with in Mongolia, Credit Mongol, is exclusively a lending institution*, it’s easy to forget about the “other”...

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Jun 6, 2010 BO Bolivia

By Kevin Henderson, KF11, Mongolia with contributions from Austin, Sally, Alexis, Leah, Cheney, Kati and Eva

When I found out I was going to Mongolia this summer as a Kiva Fellow, I thought I’d probably have a tough time catching much of the World Cup. It hasn’t been the case at all. Like many Kiva Fellows, I’ve found the World Cup really is a global event. With a few exceptions it seems like there are celebrations just about everywhere.

In Mongolia there’s a lot of enthusiasm for the World Cup. The contestants on Universe Best Song (the Mongolian equivalent of...

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Jun 6, 2010 MN Mongolia

By Kevin Henderson, KF11, Mongolia

On Tuesday evening the atmosphere in Ulaanbaatar felt festive. It was Women and Children’s Day, offices had been closed all day and the weather had been sunny and unusually warm, reaching a high of 30 degrees Celsius.  Even at 10pm, the streets were full of people chatting and strolling about.

It seemed like everyone was in a good mood, but I knew that many Mongolians, particularly those outside of the capital city, were likely not feeling very carefree. I’d just arrived back in the city after using the holiday weekend to travel to...

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May 5, 2010 MN Mongolia

By Kevin Henderson, KF11, Mongolia

Last week, Credit Mongol, one of Kiva’s two field partners in Mongolia, honored its top 50 clients at an annual appreciation event. The busy agenda included a presentation by Credit Mongol’s management team, a business education lecture and an awards ceremony. I was fortunate to attend this year’s event and gain a more informed perspective on Credit Mongol’s clients and its business.

Credit Mongol staff and their top 50 clients of the year

The criteria for a client to make the top 50...

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