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Otgonkhishig
Otgonkhishig is 25 years old. She lives with her husband and 9-month-old daughter in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional Mongolian nomadic tent, on her father’s plot of land. Her husband helps in her business.

Otgonkhishig used to be a salesperson in an outdoor market selling different type of sunglasses and gained much experience over the years. In 2006, she decided to run her own sunglasses retail business.

Otgonkhishig is a very helpful and hardworking person. She is planning to rent out a toy car at the children’s playground, charging 40 cents for 3 minutes. She is asking for a loan to buy a toy car from China to start this business and also to buy more sunglasses to sell.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,208.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Otgonkhishig stock more sunglasses to sell and also to start a new playground business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012