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Mrs. Otgonbayar, who is 24 years old, lives with her sister in Ulaanbaatar, the capital city of Mongolia. Just after graduating from a university, she began working as a nurse at a health center for mothers and their children. Becoming a fine doctor is her childhood dream, and she is still pursuing her dream to this day.

Otgonbayar has two brothers, both of whom run their own businesses. She is requesting a loan of 3,000,000 MNT to purchase furniture such as a sofa, wardrobe, etc. For the upcoming Mongolian traditional holiday known as White Moon, she wants to decorate her home with new furniture as a symbol of welcoming the new year with new beginnings.

The borrower is a very hardworking and honest individual who strives to live a better life.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Otgonbayar to purchase furniture such as a sofa, wardrobe, etc.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 8, 2013
Mar 4, 2013
Currency Exchange Loss:
Sep 17, 2014