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Nanjiddash
Mr. Nanjiddash is a 31 year-old truck driver. He lives with his wife and 2 children in Ulaanbaatar, the capital city of Mongolia. His son attends a school and his daughter goes to kindergarten. His wife is unemployed at the moment, and she looks after the kids. They live in a ger, a traditional Mongolian nomadic tent.

Nanjiddash owns a small truck and uses it for his delivery business, which is family’s only source of income. He has been running this business for 6 years and he works 6 days a week from 8:00 till 21:00. He used to transport coal from the train station to households, but now he has changed the profile and he delivers his clients' goods and products from warehouses to a market site. He says its more profitable than carrying coal. He needs to remodel his truck to accommodate it for delivery of goods. The loan will be used to buy spare parts such as new tires, engine parts, and a new loader and to properly service his truck.

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
  • 1,220.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Nanjiddash to buy spare parts such as new tires, engine parts, new loader, and to properly service his truck.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2011
Listed
May 16, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012