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Ochirpurev
Mr. Ochirpurev, 33, owns a mini truck and transports wood between markets in Ulaanbaatar, the capital city of Mongolia. He has been running his business for over six years and already has had some permanent partners.

He wants to expand his business through starting in wood sales. As he said, he needs to purchase large amounts of wood from the suppliers in the market for building the working capital.

Ochirpurev is requesting a $2,900 loan; $2,000 will be spent to purchase the wood and the remaining $900 will be dedicated to making renovations to his transportation truck.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Ochirpurev to make renovations to his transportation truck and to purchase a large amount of wood for starting a second business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013