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Mrs. Oyungerel, 49, has been the manager of a private company since 2009. She is divorced and now lives alone in her apartment in Ulaanbaatar, the capital city of Mongolia. Her daughter lives apart from her with her husband.

Oyungerel is a water engineer, but has not yet found employment in her field. She owns a car and she uses it for a taxi business in the evenings after her job hours. She says that it is very important and beneficial to make savings for her future life. Oyungerel's car is becoming old and unreliable. Therefore she is requesting a loan to purchase some spare parts to repair it.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oyungerel to purchase some spare parts to repair her car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 19, 2012
Apr 29, 2012
Currency Exchange Loss:
May 17, 2014