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Mr. Bold, 45, is a taxi car driver around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for 16 years. He lives with his family in the slum district of the city. Bold needed some money to repair some of the car's damages and change old spare parts. It is an important thing to his service quality and customers' satisfaction. The loan he is taking will be dedicated to purchase necessary spare parts for his taxi car's repair.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Bold to purchase necessary spare parts for his taxi car.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 31, 2012
Feb 5, 2012
Currency Exchange Loss:
Mar 15, 2013