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Oyunerdene, a 53-year-old mother of 2 children, lives with her husband and daughter in Ulaanbaatar, the capital of Mongolia. They all live in a small wooden house. Her husband, Sambuudorj, 55, works in a “Housing Service LLC” as a machinist, and her daughter is a student at Humanities University. She operates a grocery store in her yard and has been operating her business for over 3 years. Her store has an excellent location, and her regular customers are her neighbors and the local residents. In the future, she is planning to purchase large amounts of products for her store to increase her sales. With this loan, she will purchase furniture for her son who currently lives separately.

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
  • 1,282.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Oyunerdene to purchase furniture for her son who lives separately.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 4, 2010
Dec 1, 2010
Currency Exchange Loss:
May 16, 2012