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Mrs. Shatar, 48, lives with her husband and daughters in the slum district of Ulaanbaatar, the capital city of Mongolia, where she has been working as a cook in the taverna for many years. She also runs a taxi business in order to increase her income, earning over MNT 20.000 each day.

Lately, due to damage to her car, it has become too dangerous for her and her passengers to operate the service. Shatar is therefore requesting this loan to purchase the spare parts required for her taxi repair.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Shatar to purchase new spare parts to repair her taxi.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 8, 2011
Nov 15, 2011
Currency Exchange Loss:
Jun 17, 2013