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Nyam-Ochir
Mr. Nyam-Ochir, 39 years old, lives with his daughter in Ulaanbaatar, the capital city of Mongolia. He divorced his wife one year ago. He has been selling building materials, such as wallpaper, fiberglass and cement, since 2005. He sells to local people, by renting a stall at an outdoor market. His daughter goes to high school.

He is requesting a loan of 2,500,000 MNT. He will use the loan to purchase building materials from a border city of China, at the wholesale price and in large quantity. With the materials on hand, he will be able to run his business without worrying about inventory shortage. This business is the only income source on which Nyam-Ochir's and his daughter's lives depend.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,647.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Nyam-Ochir to import building materials in large quantity, at the wholesale price.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014