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Mrs. Oyuntsetseg, 41, runs a noodle house, and she has been operating it since last year. Her noodle house is located at a nearby primary school. In a day she has approximately 20-25 customers and most of them are satisfied for her made bowls of noodles. She lives with her husband and her two kids in the apartment in Ulaanbaatar, the capital city of Mongolia. She has a lot of customers from September to June every year during the academic year.

So she wanted to increase her working capital such as noodles and dinner services. The loan she is taking will be used to pay for the uncooked noodles and renewing dinner services.

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
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Oyuntsetseg to pay for uncooked noodles and renewing dinner services.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 1, 2012
Currency Exchange Loss:
Jun 17, 2013