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Odgerel
Mrs. Odgerel, 28 years old, lives with her husband and five-year-old daughter in Darkhan, second largest city of Mongolia. The family has been residing in a rental apartment for two years. Her five-year-old daughter is being educated at kindergarten. Her husband has been holding a position of measuring millwright in the department of measuring of electricity, distributing station, for three years. She herself works as a hairdresser at a beauty salon.

Her younger sister and she have decided to rent and operate a hotel in Ulaanbaatar. So she is requesting a loan of 1,600,000 MNT to pay two months rent fee for hotel operation. As a result, she can generate additional income for her family and invest in her daughter’s education. The borrower 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,394.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Odgerel to pay two months rent fee for hotel operation.
95% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 6, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013