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Erdenebold
Erdenebold is 48 years old, a father of 5 children and lives with his wife and four children in Ulaanbaatar, the capital city of Mongolia. They all live together in small house on their plot of land. His oldest son Narankhuu 24 is a student and currently living separately from the family, with his wife. His other four children are attending a local secondary school.

Erdenebold has been operating a taxi service in city for the past seven years and has gained many experiences. He is a very hardworking person with a strong will, who is responsible his children’s living expenses and teaching them good morals. In the future he is planning to get newer car with his savings.

Erdenebold is requesting a loan to buy a Ger, the traditional Mongolian nomadic tent, and furniture for his oldest son.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,215.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Erdenebold to buy a ''Ger", the traditional Mongolian tent.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012