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Mrs. Urantsetseg is 40 years old. She lives with her husband and two daughters in Ulaanbaatar, the capital city of Mongolia. Her two daughters attend a secondary school. Mrs. Urantsetseg is an optician. Since 1999, she has been selling glasses. A few years ago she bought optical instruments and started running as a private optician. She fits optical lenses and also sells different fashion and sunglasses to customers. She has been in this business for many years and has lots of trusted customers. She is planning to extend her business by opening one more service point in the future.

Mrs. Urantsetseg’s family lives in a ger, a traditional Mongolian nomadic tent, in a suburb of Ulaanbaatar city. She is building a house for her family at the moment and she is planning to complete it before the autumn of 2011. She is asking for the loan to complete the building project and to use in her business to buy more lenses and frames for glasses.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Urantsetseg to complete a building project and to buy more lenses and frames for glasses.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Mar 14, 2011
Currency Exchange Loss:
Oct 15, 2012