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Urantogos, 33, is a teacher. She has been teaching for seven years, after she graduating from college.

She lives with her husband and daughters in Kherlen, a boundary town of western Mongolia. Her husband works as a fireman, but his income is not so good. As well as Urantogos’s monthly salary, they don't have enough money to meet family expenses.

Urantogos and her husband decided to start a new taxi service business to increase their family income. Now she needs over MNT 3.500.000 to cover the cost of purchasing a new car to start their taxi business.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Urantogos to cover the cost of purchasing a new car for start taxi business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 29, 2011
Dec 13, 2011
Currency Exchange Loss:
Mar 15, 2012