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Ochirzaya is 23 years old. He lives with his mother in his mother’s old wooden house in the ger district, the area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar, the capital of Mongolia.

He has been running a taxi business since 2008. His mother is a pensioner.

In July of 2012, he sold his old car and bought a new second-hand one that runs on gas. He loves the car. When he has spare time, he polishes his car.

A gas car uses less fuel than cars running on other fuel. On the other hand, gas cars are highly susceptible to cold and break down easily. So before the winter, Ochirzaya is requesting a 1,200,000 MNT loan to build a garage for his car in order to prolong the life of his car as long as possible.

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 $875 helped Ochirzaya to build a garage for his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 3, 2012
Nov 5, 2012
Currency Exchange Loss:
Nov 17, 2013