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Oyunbaatar
Oyunbaatar, 40, is a taxi driver who has been running his business since July around the districts of Ulaanbaatar, the capital city of Mongolia. He has already gained enough experience to continue his business into the future. Oyunbaatar lives with his 3 children and his wife in his brother’s house.

Oyunbaatar's wife recently started a new business, a textile shop, with her sister in the rental apartment. The preparation is going well, but some sewing tools and raw materials are still needed to get completely started. She needs exactly MNT 2,500,000 to purchase these items. Therefore Oyunbaatar is requesting a loan to support his wife by purchasing textile materials, a sewing machine and other tools to start her new 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

  • $2,175
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Oyunbaatar to support his wife by purchasing textile materials, a sewing machine and other tools to start her new business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 24, 2011
Listed
Dec 20, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013