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Munkherdene
Munkherdene is 24 years old, married, and has one son. His family lives together in a wooden house on their plot of land in Ulaanbaatar, the capital city of Mongolia. His wife Nyamdulam, who is also 24 years old, is studying to become a lawyer at a state university. Their parents take care of their son in Bayankhongor province. Munkherdene used to work at an auto repair shop as a manager. In 2009, he began operating his own business replacing and fixing car windshields. Munkherdene is planning to expand his business in the future. He is requesting 2,800,000 MNT loan to increase his working capital.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Munkherdene working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012