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Mr. Batochir D. is 47 years old, married and has two sons. His elder son, Gankhulug, 22, is married and works as a policeman at the railroad police department; he lives with his family in his own house in Ulaanbaatar, the capital of Mongolia. Batochir’s younger son, Gankhuu, 19, is a student at the police academy and will be a policeman after he graduates. Batochir's wife looks after his grandson at home.

Batochir’s family is the most important thing to him. He says as a father he would like to be financially able to provide a good education for his children. His son Gankhulug's employer has given him a lease on an apartment; therefore, he is asking for a loan to pay 900,000 MNT for the first payment installment. He is short by this amount.

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
  • 1,260.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Batochir for a loan to pay 900,000 MNT for a first installment on an apartment lease.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Nov 12, 2010
Dec 1, 2010
Currency Exchange Loss:
May 15, 2011