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Mr. Uuganbayar, 28 years old, lives with his wife, daughter and mother-in-law in Ulaanbaatar, the capital city of Mongolia. He has been working as a technician in the television industry since 2008. His wife is an accountant at a private firm, and his mother-in-law has retired from work and receives a state pension.

Mr. Uuganbayar is requesting a loan of 1,500,000 MNT to purchase a closet, a chest of drawers, and a dining table. By doing so, his family's living condition will become more comfortable and give him enthusiasm to work harder. The borrower 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 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
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $900 helped Uuganbayar to purchase a closet, a chest of drawers and a dining table.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 17, 2013
Sep 20, 2013
Currency Exchange Loss:
Oct 20, 2013