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Batsaikhan is 49 years old. He lives with his wife and son in the slum district of Ulaanbaatar, the capital city of Mongolia. For the past 20 years, non-stop, he has been running an auto service in his backyard. Batsaikhan has gained much experience in his job and has many permanent customers.

Batsaikhan is requesting a loan to purchase necessary equipment to renovate his business as his service equipment is old and broken. He believes that his loan will positively influence his business and notably increase the number of his customers.

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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Batsaikhan to purchase equipment to improve his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Jan 30, 2012
Currency Exchange Loss:
Feb 15, 2013