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Oyunbayar
Mrs.Oyunbayar is a 52-year-old widow who lives with her only daughter in a one-room apartment in Darkhan, the second-largest city in Mongolia. She has worked as a teacher in a local health sciences university for 30 years. Since 2010, she has been managing a small pharmacy near to her home in order to have two sources of income while working. Starting this year her pharmacy is becoming familiar among the neighbors, and her business is going well. Her 26-year-old daughter handles the pharmacy. Before the winter, she is planning to replace the old wooden windows of her apartment and pharmacy with double-glazed ones that conserve heat better. By doing this she can cut heating costs and improve her living conditions.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Oyunbayar to replace the old wooden windows of her apartment and pharmacy with double-glazed ones that conserve heat.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013