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Otgontsetseg, 33 years old, lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia.

Last year, she began working as a conductor at a train station. Before this job, she was looking after her children by staying at home. Her husband is currently unemployed and looking after his children.

She is requesting a loan of 4,200,000 MNT to purchase an automobile that runs on natural gas. This automobile will be used by her husband for a taxi service and contribute to her family's income. Her salary and the earnings from the taxi service will surely increase their income. The borrower is a hardworking individual who strives for a better life.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Otgontsetseg to purchase an automobile that runs on natural gas.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 9, 2013
May 15, 2013
Currency Exchange Loss:
Jun 17, 2015