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Baasan-Ochir
Baasan-Ochir, 29, lives with his 24-year-old wife and two sons who are four and two years old. They live on his father’s property in Ulaanbaatar, the capital city of Mongolia. Since 2003 he has been running a taxi service with a car he bought from a taxi company. Depending on the season, his earnings are good. It is the main source of income for this young family.


Baasan-Ochir’s car has become old and in disrepair. He needs to fix it up and make some adjustments to it. Baasan-Ochir is requesting a loan to repair his taxi and so raise his earnings. This is his second loan; the first he repaid successfully and on time.

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
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Baasan-Ochir to repair his taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jul 25, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012