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Bayarsaikhan
Bayarsaikhan is 31, married, and has one daughter who is 7 years old. His wife works at a construction company as an assistant builder. They live in a ger, a traditional Mongolian nomadic tent, in Ulaanbaatar, the capital of Mongolia.

Bayarsaikhan has been operating a taxi business since his plastic bag retail business failed in 2006. He has 3 times taken micro loans from us and had paid them back on time. He has gained much experience in last 4 years transporting people. Early in the morning his work day begins by taking his wife and daughter to their work and school. He is planning to finish building his uncompleted wooden house and increase his working capital.

Bayrasaikhan is requesting a 2,000,000 MNT loan to purchase a better car.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Bayarsaikhan to purchase a better car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 23, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012