A loan of $1,900 helped to buy all the necessary materials for a house and complete the basement and basic structure of the house before the winter.


Oyuntsetseg's story

Mrs. Oyuntsetseg is 47 years old and lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. Her eldest daughter works in a secondary school as an English teacher. The second daughter is studying at university with graduation next spring. The youngest son studies at secondary school. Mrs. Oyuntsetseg’s family used to live in Uvurkhangai Aimag, a southwest province of Mongolia, and she was a teacher in kindergarten. Her husband used to be a herder raising livestock. In 1996, they lost almost all their livestock because of the harsh winter in Mongolia. Then, they had to move to Ulaanbaatar city in search of a better life, but they could not find any suitable jobs for them. She and her husband decided to collect different kinds of recyclable waste and sell it to waste exporting and recycling companies for a profit. Now they have an established business with 14 years of experience. They say that they are very proud of keeping society tidy and at the same time making a profit out of it. They are one of Credit Mongol's reliable customers. The latest loan they have taken out has been used to buy a plot of land. And now Mrs. Oyuntsetseg is planning to build a house on their land. She has the project ready to go. The plan is to have the basement and basic structure of the house done before December, 2010, and the rest of the job will be completed during spring, 2011. The reason she is requesting this loan is she wants to buy all the necessary materials for the house and complete the basement and basic structure of the house before the winter.



Loan details


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Loan details