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Batbayar
Mr. Batbayar is 30 years old. He lives with his wife and two children, ages 12 and 1, in Ulaanbaatar, the capital city of Mongolia. His wife looks after the baby at the moment. Until 2008, Batbayar worked in a textile factory, but he left due to job cuts. Since then, he has been running a taxi business using the family car, and it is his family's only source of income. Since the birth of their second child, the family’s finances have become tight. Batbayar's wife used to run a clothing retail business before the birth, and now she is planning to restore her business. Luckily, Batbayar’s parents have agreed to look after the baby during the day. Mr. Batbayar is asking for a loan to buy the clothes necessary to reopen his wife’s clothes-selling 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,240.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Batbayar to build up a stock of clothing in order to restore his wife’s clothes-selling business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012