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Batkhuyag
Batkhuyag, 25, works as a watchman in a public organization. He lives with his two children and his wife in Kherlen, a town in the Dornod province of Mongolia. He has been doing this job since 2008 and this April he bought a car with his savings. When he has days off, he runs a taxi business, earning additional income which is important for the daily expenses of his family.

Now, he needs to build a garage behind his home due to the breakage his car faces in the winter time. Mongolian winters are freezing cold and this badly affects cars. Therefore, Batkhuyag is taking a loan to purchase some building materials to build a garage for his taxi car.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Batkhuyag to purchase some building materials to build a garage for his taxi car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 1, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012