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Natsagdorj
Natsagdorj, 19, is an accounting student at a university. He lives with his father, mother, sister and brother in the town of Kherlen in Dornod, a province of Mongolia. His parents are herders and his sister is not yet employed. The family needs additional income from another source to improve their living conditions. Also, Natsagdorj has been paying his own school fees and meeting his basic daily needs, but over several years his costs and fees have risen dramatically.

These factors have led Natsagdorj to decide to start his own business selling spare auto parts. He owns a small apartment downtown and wants to pledge it against the loan, which he needs to build working capital and start planning his business.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,249.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Natsagdorj to build working capital and start planning his auto parts business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013