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Adiyased, aged 48, is a businessman who runs two businesses together. He lives with his two sons and his wife in a house which is owned by one of his relatives. One of his businesses is as a meat seller at the bazaar and the other one is as a transportation driver using his minivan when he has no sales.

Over many years, he has been saving money from his businesses to purchase necessary land for his private needs. But he is still lacking a little bit of money to cover the land payment. This purchase is absolutely important and a vital thing for his family. Therefore he is taking out a loan to use as additional funding to purchase the necessary land for his family. Before, he has taken out loans twice and repaid both successfully on time.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Adiyased to purchase necessary land for his family.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 20, 2011
Jan 1, 2012
Currency Exchange Loss:
Jan 17, 2014