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Purevdorj
Purevdorj is 21 years old, a young father who is trying to build a life. His wife is a student.

He has been working in an auto service called “Sky” as a serviceman since this January. He works from 10 a.m. to 9 p.m. and has just one day off in a week. When he accomplishes his work well, he is rewarded by 10 percent of his salary as an encouragement.

Just a half year ago, he became a father, and now he should increase his income in order to rear their child. So he is planning to start a taxi business during the night to increase his income. He needs a good car for taxi service in the city. But there is MNT 1,400,000 lacking for a car payment. The loan he is taking will be dedicated to help pay the car payment.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,242.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Purevdorj to help pay the car payment for his taxi.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2011
Listed
Aug 27, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012