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Otgonshagai
Mr. Otgonshagai is 29 years old, single and lives with his friend. They have a business of installing transforming stations by tender. Sometimes it runs successfully and sometimes not, and business is interrupted for months when they have no job orders. Also it depends on some seasonal reasons, because summertime job orders are raised notably.

Now they need to renovate some of their equipment for a job. It is very important for their job performance in the future. The loan he is taking will be dedicated to purchase the some new equipment for his 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Otgonshagai to purchase some new equipment for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012