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Mrs. Oyuntungalag, 36 is a hairdresser. She has been working as a hairdresser for many years. She lives with her son in a rental apartment in Ulaanbaatar, the capital city of Mongolia.
Lately her apartment has become very uncomfortable and cold to live. Because all the window insulation have removed and there is too much heat-loss during the winter time. Therefore she needs to make adjustment and insulation to the windows of her home immediately. The loan she is taking will be dedicated to purchase the building materials to make the windows insulation.

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
  • 1,350.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Oyuntungalag to purchase the building materials to make the windows insulation.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 7, 2011
Dec 13, 2011
Currency Exchange Loss:
Jan 17, 2014