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Mr. Bat-Orshih, 37 years old, lives with his wife, two daughters and son in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people since 2009, and during the wintertime, he helps his wife in making leather gloves. They together sell their leather gloves to retailers in the market.

He is requesting a loan of 2,500,000 MNT (Mongolian tugriks) to buy leather in a large amount. As a result, he and his wife can continue to make and sell leather gloves to retailers at the market. This is the business that carries them through the winter.

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
  • 1,630.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Bat-Orshih to buy leather in a large amount for making gloves.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 5, 2013
Currency Exchange Loss:
Oct 17, 2014