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Oyuntsetseg
Oyuntsetseg, 49, runs a collection point of recycle materials in Ulaanbaatar, the capital city of Mongolia. She has been running her business with her husband for 15 years. She lives with her husband and her 3 children in a ger, a Mongolian traditional nomadic yurt. Her business earnings do not usually match her family necessities. This summer she is planning to build a house for her family on her plot of land which is in the ger district because she thinks her family needs a bigger house and better living conditions in the future. Now she needs some money to buy the necessary building materials to complete her family house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,307.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Oyuntsetseg to buy the necessary building materials to complete her family house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013