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Oyunjargal is 28 years old and lives with her husband and 1-year-old baby in a rental apartment in Ulaanbaatar, the capital of Mongolia. She is modest and responsible. She graduated from the university as an accountant in 2010 and has since been working in a private company that imports eggs. Oyunjargal's husband works as a driver in the same company.

As a new couple with low income, Oyunjargal is planning to manage a tire repair place near the central-way with her parents because her parents don’t have jobs. She will provide all the necessary equipment that can be used in tire repair service and will check on the business after her job.

Half of the loan Oyunjargal is taking will be used to buy equipment and the other half will be spent on the rent. She thinks that by doing this she can increase her family's income and her parents will have a job.

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
  • 1,379.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Oyunjargal to buy equipment and pay rent for her tire repair service.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 3, 2012
Oct 31, 2012
Currency Exchange Loss:
May 17, 2014