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Erdene-oyun is 33 years old and has one child who attends school. She lives with her child and parents in Ulaanbaatar, the capital of Mongolia. The family resides in their own house on a plot of land. Her parents retired from work and receive a pension from the state.

Erdene-oyun has been running her furniture sales business since 2008 and accumulated a vast amount of experience. The furniture she sells is imported from China and she has a reliable supplier. During the national white moon festival, the demand for new furniture rises drastically and this time of year is her business's high point.

Erdene-oyun is requesting a loan for 4,000,000 MNT, which she will use to purchase sofas, chairs, tables, and drawers in large amounts. As a result, she can run her business without worrying about an inventory shortage. She is a very hardworking individual who strives for a better future.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,372.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,925 helped Erdene-Oyun to purchase sofas, tables, and chairs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 30, 2013
Feb 1, 2013
Currency Exchange Loss:
Mar 17, 2014