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Amartuvshin
Mr. Amartuvshin is a 22-year-old taxi driver in Kherlen, a town of the Dornod province, Mongolia. Also, he is a young father and lives with his wife and 3-year-old daughter. He has been doing his taxi business for three years and could become a skillful driver. It is a main income source of this young family. There is a large number of customers who are served regularly. They all say that Amartuvshin is a friendly, hardworking, good driver who caters fully to the passengers.

Now he needs to make some adjustments to his car, especially changing the tires to winter ones. There are also some other parts that need to be changed before this winter. It is important to his business so his passengers can be safer in the future.

Therefore, he is taking a loan to make adjustments to his taxi car for improving his service.

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
  • $15,372,575
    Funds lent in using Kiva
  • 1,263.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Amartuvshin to make adjustments to his taxi car for improving his service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Sep 27, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012