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Ulambayar
Ulambayar is 40 years old and lives with his family in a ger (a traditional Mongolian yurt) in the boundary area of Ulaanbaatar, the capital of Mongolia. He has 3 children: a 21-year-old son who studies at a university, a 16-year-old younger son who studies at a secondary school, and a 5-year-old girl who goes to kindergarten.

Ulambayar has been managing a small internet cafe in his area with his wife since 2010. His internet cafe has 8 PCs. In winter, due to the cold, children spend their spare time participating in indoor activities--the internet/PC game cafe is one of the children’s favorite places to come. Ulambayar is planning to buy 4 new PCs to increase his business and family income.

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
  • 1,379.3
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Ulambayar to buy 4 new PCs to increase his business and family income.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014