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Orkhon
Orkhon, who is 29 years old, lives with his wife and two-year-old son in a ger, a traditional Mongolian nomadic tent, in a suburb of Ulaanbaatar, the capital city of Mongolia. A carpenter by trade, since 2008 Orkhon has been running a taxi business and also working as a part-time handyman. His wife works in one of the “Khaan buuz”’ chain restaurants as a kitchen assistant.



Orkon's wife's younger brother is leaving for South Korea to work on a labor contract; such contracts are very hard to obtain due to the large volume of Mongolians applying to work abroad to earn some extra money, and they must pass through a very strict selection procedure. The loan Mr.Orkhon is requesting will be used to pay for his brother-in-law's travel to Korea and to cover some personal expenses.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Orkhon to pay for brother’s travel to Korea on labor contract and to cover some personal expenses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2010
Listed
Nov 11, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011