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Mr. Erdenebold is 29 years old and lives with his wife and her daughter in Ulaanbaatar, the capital city of Mongolia. He has been running a taxi business for six years around the city districts and already has many permanent customers.

His car is becoming old and some of its parts are damaged. Therefore he needs to renovate his car immediately. This will have a positive influence on his future business.

The loan he is taking will be dedicated to purchasing the spare parts he needs to rennovate his taxi.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Erdenebold to purchase spare parts to rennovate his taxi.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 27, 2011
Jan 4, 2012
Currency Exchange Loss:
Aug 17, 2013