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Myagmardorj
Myagmardorj is operating an internet and PC game cafe in the busy center of the city. He is 32 years old and lives with his wife and one-year-old son in a small rental apartment in Ulaanbaatar, the capital city of Mongolia.

He began his business in 2007 when he saw a great market opportunity, as many local young people were really getting into internet surfing and computer games. He is planning on expanding his business by adding more computers so that he can accommodate more customers.

Myagmardorj is requesting a 3,000,000 MNT loan in order to purchase replacement computer parts and upgrade his internet speed. In the future he wants to open more internet cafes.

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

  • $2,175
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,362.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Myagmardorj to purchase replacement computer parts and upgrade his internet speed.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2010
Listed
Jul 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012