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Urgamal is 42 years old and lives with her husband and five children in a ger, a Mongolian traditional nomadic tent, in Ulaanbaatar, the capital of Mongolia. In 1999 she divorced her first husband and moved to the capital with her four children from the countryside. At that time it was hard for her to raise her four children alone, and she had nothing except her four children. Urgamal, however, is a very hardworking woman with a strong will.

Urgamal has been a hairdresser since moving to the capital city. She rented a corner with her eldest daughter, Sarantungalag, 21, who is also a hairdresser and works with her. Urgamal has gained valuable experience in previous years and has a loyal customer base. Her second husband, Batmunkh, works as a firefighter at the state’s emergency department.

Urgamal is planning to open her own salon and give her children a good education and morals. Part of her loan will be used to pay for some necessary furniture for her son who recently moved out, and the other part will be used to pay her younger daughter’s tuition fees.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,255.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Urgamal for furniture and tuition fees.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Nov 15, 2010
Dec 1, 2010
Currency Exchange Loss:
Oct 17, 2011