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Batdorj
Mr.Batdorj, 36 and a driver, lives with his three daughters and his wife in Ulaanbaatar, the capital city of Mongolia. His daughters study in secondary school and his wife manages a basic commodities store beside their house.

Batdorj has been working as a cargo driver privately since 2004. He has requested a loan to raise his store's circulating assets through purchasing more commodities from the market, especially facilities for study. Because a new session of the academic year is starting, he thinks there will be a lot of sales at his store and the income is going to increase absolutely.

By the way, his family is one of the very busy and happiest families of the world.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,234.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Batdorj to raise his store's circulating assets through purchasing more commodities from the market, especially facilities for study.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Aug 23, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012