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Onon
Onon is 37 years old and lives with his wife and 4 children in Ulaanbaatar, Mongolia. He and his family live together in a ger, the Mongolian nomadic tent. His three daughters attend a secondary school and his wife stays at home with his one year-old son Temuujin. Onon operates a trucking business with his Kia Fronter truck, which has a capacity of two tons. He is a very hard-working person and his business is very important to him. Onon says, “As a father, I would like to be financially available to provide a good education and other necessary expenses for my children until they grow up. Also, I would like to expand my business and to purchase my own apartment for my family in the future.” He is requesting a loan to purchase four tires and other spare parts for his truck.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Onon to purchase four tires and other spare parts for his truck.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 11, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011