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Bayarsaikhan is a 43-year-old, divorced father of an 18-year-old daughter. He lives in his sister’s apartment with her family. He runs a taxi business with his own car. He dreams to have his own home someday and start a new life. He is seeking every opportunity to earn money.

Now he has a plan to start a new business of construction designation. Therefore he is requesting a loan to buy a mastic mixer machine to start planning his new business. He believes it will increase his income notably.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,264.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bayarsaikhan to buy a mastic mixer machine to start planning his new business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 23, 2011
Oct 7, 2011
Currency Exchange Loss:
Apr 17, 2013