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Otgonkhuu
Mr. Otgonkhuu is 23 and a taxi driver. He has been running his taxi service since he got his driver's license.
He lives with his mother in Kherlen, a boundary town of western Mongolia. Initially, he started his taxi service with his dad’s car, but now he owns a new car, which has been bought with his earnings.

He already has permanent customers from his taxi line and now he needs to renovate his car to give a better service to his customers. It will form a part of his business improvement.
The loan he is taking will be dedicated to the purchase of necessary spare parts for his taxi renovation.

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

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,412.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Otgonkhuu to purchase the necessary spare parts for his taxi renovation.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Jan 25, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013