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Odontuya
Odontuya is 25 years old, single and lives with her parents and sister in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a house. Her younger sister attends a college. Odontuya operates a grocery store in her yard which is in an excellent location. She is a very hard-working person who has been operating her business since 2008 and has built a stable operation.

She started her business with working capital of 400,000 tugrugs (~293 USD). After years of successful operations, she has managed to increase her working capital to a level exceeding 2,165,000 tugrugs (~1,583 USD) today. Odontuya has been planning to purchase large amounts of products for her store to increase her sales. She is requesting a loan to increase her inventory and to build storage.

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,369.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Odontuya to increase her inventory and build storage.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2010
Listed
Apr 29, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010