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Mr. Olzii-Orshih, 57 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi services to local people for five consecutive years and has accumulated vast amount of experience in picking up customers, driving them to their destination quickly and shortening roads. His wife has a sewing workshop where she receives orders and makes dresses.

He is requesting a loan of 1,500,000 MNT to purchase additional sewing machines in order to replace old ones as they have deteriorated and work less efficiently. As his taxi earnings are decreasing so the entire family becomes more dependent on the sewing workshop.

The borrower and his wife are both hardworking people who value hard work and persistence.

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
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Olzii-Orshih to purchase additional sewing machines.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jul 2, 2013
Currency Exchange Loss:
Feb 17, 2014