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Nyamdavaa is 35 years old and the father of three children. He lives with his wife and three children in Mongolian nomadic tent on his own land which he recently purchased. He is a very honest and helpful person. He has been servicing cars for more than 15 years. He has plenty of experience in this sector. His car service shop is located in a very busy street, thus it is more profitable.

He is seeking to buy old cars and fix them to sell them at higher prices. He is requesting a loan to purchase old cars to start his new 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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,294.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,325 helped Nyamdavaa to purchase old cars to start his new business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 17, 2011
Oct 26, 2011
Currency Exchange Loss:
Jun 17, 2013