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Mrs. Uranjargal is 44 years old and lives with her husband, Erdenesukh (48), and son, Munkherdene (16), in a rented house in Ulaanbaatar, the capital city of Mongolia. She has one more son who studies at a local University and lives separately.

Uranjargal’s husband is a taxi driver. Since 1996 Uranjargal has been running a retail business. She rents space in Bayanzurkh market and sells a variety of domestic cleaning products. She buys her products from wholesalers who import them from China and Russia. Her starting capital was 500 USD. Today, her working capital is 2500 USD.

She is a very hardworking and persistent person. Her future plan is to improve her family’s living conditions by buying a family house and to give her kids a good education.

The loan Mrs.Uranjargal is requesting will be used to pay her son’s annual University fee and to increase her working capital.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,313.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Uranjargal to pay her son’s annual University fee and to increase her working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 4, 2010
Oct 6, 2010
Currency Exchange Loss:
May 15, 2012