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Mr.Sereebaatar, 37, is divorced and lives with his 11 year old son, his mother and his younger brother and sister in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional Mongolian nomadic tent in the ger district of the city.

Since 2000, Sereebaatar has been running a transportation business using his family minivan. He has permission to carry passengers on one of the city’s remote bus lanes which lacks bus services. In his family he is the only bread winner. His younger brother works casually at a construction site as a laborer.

Sereebaatar is planning to buy a small family car and to use it as a taxi. His younger brother has a driving license and he wants his brother to drive the taxi to generate extra income for the family. The loan Sereebaatar is taking will be used to buy this car.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,232.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Sereebaatar to buy a small car for his younger brother to use as a taxi.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 27, 2011
Jun 7, 2011
Currency Exchange Loss:
Jan 15, 2013