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Mrs. Uranchimeg, 46, works as a technician in the maintenance department of Mongolian National Broadcasting Television. She has been doing her job for 25 years and is an elder officer. She lives with her family in the suburban district of Ulaanbaatar, the capital city of Mongolia.

She married and moved to a new apartment with her family, and they are still using their initial furniture. The furniture has became very old and damaged. Therefore, she decided to buy new furniture for her home. She needs over MNT 2.000.000 to buy the furniture. The loan she is taking will be used to purchase some new furniture to renovate her home.

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
  • 1,299.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Uranchimeg to purchase some new furniture to renovate her home.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 26, 2011
Nov 7, 2011
Currency Exchange Loss:
Apr 17, 2013