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Sukhbaatar
Mr. Sukhbaatar lives with his wife. His three children have already started their own individual lives. He has three years of experience in the taxi business. He used to drive his employer's car, but later realized that he could make more money driving his own car. In 2010, he bought a car to use for his own business.
He is a very hardworking and motivated husband who wishes for a better life for his family. He is requesting a loan to repair his car. It will help the quality of his taxi service and will increase his earnings in the future.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Sukhbaatar to repair his taxi.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012