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Naranbaatar
Naranbaatar is 30 years old, lives with his parents in Ger, which is a Mongolian traditional nomadic tent in Ulaanbaatar the Mongolian capital city. His parents are retired.
He has been operating taxi service in city for the last three years and has gained a lot of experience. Naranbaatar has one younger brother who is running taxi business as well, by using Naranbaatar’s other car. In the future he wants to sell his old car to get a newer one in better condition. He is a very responsible and optimistic person and he started building a house on his parents plot of land. He is asking for a loan to increase his working capital to purchase some spare parts for his two cars which are used for his taxi business.

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
  • 1,249.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Naranbaatar loan to increasing his working capital.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 23, 2012