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Lkhavgaochir is 29 years old. He lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. They live in a traditional Mongolian nomadic tent. Lkhavgaochir's son Myagmardorj attends a local seconday school while his younger daughter stays at home with his wife during the day.

Lkhavgaochir runs a taxi service in his town and plans to operate a small knitting shop for his unemployed wife. He also hopes to save some money to build his own house and provide an education for his children. Lkhavgaochir is very energetic and has good communication skills. He is requesting a loan of 2,000,000 MNT to purchase a sewing machine and some raw materials for his wife.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,278.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Lkhavgaochir to purchase a sewing machine and raw materials for his wife.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 29, 2010
Nov 2, 2010
Currency Exchange Loss:
Jun 15, 2012