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Orkhon
Mr. Orkhon, 34 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. His thirteen-year-old son goes to school. The family resides in their own house on a plot of land.

Orkhon has been making and selling lattice walls to a Mongolian traditional ger (portable felt dwelling) manufacturing company because lattice walls are essential components for making ger. Lots of people living in urban areas are moving to Ulaanbaatar, which increased demand for the Mongolian traditional ger.

So, Orkhon is requesting a loan of 4,000,000 MNT to purchase timber in large quantity. Doing so will enable him to produce lattice walls continuously without worrying about inventory shortage.

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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,800 helped Orkhon to purchase timber in large quantity.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014