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Munkhtaivan
Mr. Munkhtaivan, 30, is a taxi driver around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for a year. He lives with his family in the slum district of the city. Munkhtaivan needed some money to repair some damage to his taxi and to change old spare parts. It is important to his service quality and customers' satisfaction. The loan he is taking will be dedicated to purchase necessary spare parts for his taxicab 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Munkhtaivan to purchase necessary spare parts for his taxicab repair.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013