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Byambasuren
Byambasuren is 44 years old and lives with his two children and his wife in Darkhan, the third largest city in Mongolia. They live together in a ger, the traditional Mongolian nomadic tent. His son attends the “Darkhan urguu” university in Darkhan city, and his daughter attends a local secondary school.

He has been running his transportation business since 2009. He transports people from new Drakhan city to old Darkhan every day from early morning until late in the evening. His wife works with him as a cashier. Batdorj is a very hardworking, optimistic person whose goal is to extend his business and provide good education for his kids, and also to have his own house.

He is requesting a loan to buy some construction materials to fix his garage.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,202.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Byambasuren to purchase construction materials to fix his garage.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2011
Listed
Apr 15, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012