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Mrs. Odbayar, 38 years old, lives with her husband in Ulaanbaatar, the capital city of Mongolia. Her husband has been running an automobile tire repair shop, and during his spare time he renders taxi service to local people using his own automobile.

Odbayar began to work as an operator at a private business entity five months ago. Before this job, she had worked in Korea for seven years on an employment contract between Mongolia and Korea. Her husband takes her to her work in his automobile, but over the years the automobile has deteriorated badly.

Odbayar is requesting a loan of 1,700,000 MNT to purchase spare parts. Using these spare parts, her husband will repair his automobile and continue to render taxi service. Odbayar is a very hardworking individual who strives for a better future.

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
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Odbayar to purchase spare parts.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 11, 2013
May 6, 2013
Currency Exchange Loss:
May 22, 2015