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Bayanmunkh
Bayanmunkh, 42 years old, lives with his wife and three children, all secondary school students, in Ulaanbaatar, the capital city of Mongolia. He owns a land plot and a small family house on it. Bayanmunkh's all three children attend a local secondary school.

Bayanmunkh is a taxi driver, and about six years ago he and his wife started growing vegetables in their garden for the family's consumption. He is now requesting a loan to replace the garden's old and dilapidated greenhouse.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,212.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Bayanmunkh to buy a greenhouse for his garden and grow vegetables for his family’s use.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012