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Mr Nyamaa, twenty-seven, is a transportation driver in a private company. He has started his job this year in this company and has been a driver for seven years. Nymaa lives with his son and wife in the Ger district, the nomadic Mongolian traditional tent in Ulaanbaatar, the capital city of Mongolia.

Lately his transportation truck has broken and most of its parts are damaged. He thinks it will influence his business badly. Therefore he is taking a loan to purchase the necessary spare parts for his truck repairs.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Nyamaa to purchase the necessary spare parts for his truck repairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Dec 21, 2011
Currency Exchange Loss:
Jan 15, 2013