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Bayarsaikhan
Mr. Bayarsaikhan, 53, sells spare parts for Russian cars in a market. He has been running his business since 1998 and has permanent customers.

He lives with his wife, and all of their children have moved out their home. His wife is unemployed and has been sick for many years.

Bayarsaikhan wants to increase his sales volume for business expansion. He decided to purchase a large amount of spare parts from his supplier. It is beneficial for his business for improving it further. The loan he is taking will be dedicated to purchasing inventory for increasing working capital.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Bayarsaikhan to purchase inventory for increasing working capital.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 26, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013