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Mrs.Otgonbayar S., 43, is married and has five children. They live in Darkhan, the second largest city in Mongolia. Her family owns a plot of land and a small house on it. Her youngest three children attend a secondary school. Her husband works in a secondary school as a watchman.

In 2002 Otgonbayar opened a small grocery kiosk near her home. After four years (2007) she managed to build a small shop and obtained permission to run a grocery store. Her business is expanding gradually, showing her ability and character as a businesswoman. She buys her products from local wholesale dealers and sells them to local customers. She has a good reputation in her neighborhood.

The loan Otgonbayar is taking now will be used to buy necessary building materials to renovate her house and shop. She is planning to do some exterior work on the family house and her shop by fixing the roof and plastering and painting the walls.

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
  • 1,210.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Otgonbayar to buy materials for exterior renovation of her house and store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 13, 2011
Apr 21, 2011
Currency Exchange Loss:
Sep 15, 2012