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Purevdorj
Mr.Purevdorj is 26 years old. He lives with his wife and 2 sons in Ulaanbaatar, the capital city of Mongolia. Purevdorj owns a plot of land and he is planning to build a house on it in the future. Currently they live in a ger, a traditional Mongolian nomadic tent.

Purevdorj’s wife works in the “Blue sky” cashmere factory as an operator of a weaving machine. Purevdorj is truck driver with a private company and his job has a seasonal character. Therefore, on his free-of-work time, Purevdorj runs a taxi business. His taxi operation brings extra income to the family. He wants to replace his old family car for a newer one and he needs some money to top up his savings. The loan will be used to renew this old family car which he will use as a taxi.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,240.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Purevdorj to renew his old family car to a newer one. He uses the car for his taxi business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2011
Listed
Apr 27, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 18, 2011