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Orgil
Orgil is a 27-year-old taxi driver. He lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. They do not have their own place to live and temporarily live in Orgil’s parents' house. Orgil’s wife, Ankhtsetseg, who is 24 years old, is looking after the baby at the moment.

Two years ago Orgil started running a taxi business which is his family’s only source of income. He is an experienced driver and he enjoys his work. He wants to buy a ger, a traditional Mongolian nomadic tent, and to live separately from his parents. The loan Orgil is requesting will be used to buy a ger.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,222.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Orgil to buy a ger, a traditional Mongolian nomadic tent for his family.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011