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Mrs. Mandakh, 42 has been working as a headmaster in the secondary school #11 of Dornod, a western region of Mongolia. She lives with her husband and her son in the common.

Sometimes she runs a taxi business, using her own car, when she has days off because her monthly salary does not meet her family’s necessary expenses. She already has permanent customers and earns extra money from her business.

But lately her car has become old and she needs to change its tires due to the coming winter. In Mongolia there is too much black-frost on the roads in winter. It is very dangerous for her and her customers. Therefore, she needs some money to change her car’s old tires to new winter tires and to make some adjustments to her car.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Mandakh to change her car’s old tires to new winter tires and to make some adjustments to her car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 17, 2011
Nov 25, 2011
Currency Exchange Loss:
Jul 15, 2012