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Ochirpurev B. is 32 years old, married, and has two children, one of whom attends school. They live in Ulaanbaatar, the capital of Mongolia. Ochirpurev is a taxi driver and his wife is a beautician. Since 2006 Ochirpurev has been running a taxi business, which is the family’s only source of income at the moment. Ochirpurev owns a plot of land and a small wooden house on it. The house needs some refurbishment. When winter is over, Ochirpurev wants to do some renovation to the house. He is requesting a loan to purchase cement, wood planks, paints, and wallpaper.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Ochirpurev to purchase building materials to renovate the family house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Mar 16, 2011
Currency Exchange Loss:
Oct 15, 2012