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Oyunchimeg is a 53-year-old, single mother who lives with her daughter in small wooden house in Ulaanbaatar, the capital city of Mongolia.

She has been operating a used clothes retail business since 2008 with her daughter. Her store is located next to her home. After succeeding to achieve stable operations, she used her earnings to purchase construction materials to fix her house.

This is her sixth Kiva loan through Credit Mongol. She is planning to build a bigger grocery store in her yard. She has good communication skills and her business is very important to her. She is requesting loan to purchase some more clothes and increase her working capital.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,255.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Oyunchimeg purchase more clothing to sell and to increase her working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 18, 2010
Dec 1, 2010
Currency Exchange Loss:
Nov 15, 2011