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Yadamsuren
Yadamsuren, 28 years old, is an young man who is trying to build his own family life. He lives with his wife, 26, and daughter, one year old, in Ulaanbaatar, the capital of Mongolia. He has been running a taxi business since 2009.


This year, he and his wife decided to sell some dairy products during Naadam, a Mongolian national holiday. But to do so they need a big-sized ger, a Mongolian traditional nomadic tent. Its recent market price is a little bit expensive, so he needs financial aid to start up this new business.


Thus, Yadamsuren is taking a loan to purchase a ger for his new business. Let's support him, please!

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
  • $15,307,900
    Funds lent in using Kiva
  • 1,249.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Yadamsuren to purchase a ger for his new business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2011
Listed
Jul 29, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011