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Mr. Otgonbaatar, 35, is a taxi driver. He has been running a taxi for 3 years. He lives with his family in the ger district (a Mongolian traditional nomadic tent district) in Ulaanbaatar, the capital city of Mongolia. Last autumn, he changed his car for a new one to expand his business opportunities. He believes that a good taxi is most important for successful improvement of the business. Currently he has many permanent customers. But lately his car has been damaged too much and some of parts are basically broken. Therefore, he needs a loan to purchase new spare parts for the full renovation of his taxi 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Otgonbaatar to purchase new spare parts for the full renovation of his taxi car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 5, 2012
Jan 22, 2012
Currency Exchange Loss:
Feb 17, 2014