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Mr. Enkhsaikhan, 38 is a taxi driver and has been running his business for 6 years around the districts of Ulaanbaatar, the capital city of Mongolia. He lives with his wife and his 3 daughters in a ger, a Mongolian traditional nomadic tent. His wife is unemployed, caring for her children at home. Currently his business is a main income source of this family. Enkhsaikhan works 12-15 hours in a day and his taxi earnings do not usually meet with his family expenses. Two of his daughters attend state college and their school fees are high in a year.
Lately his taxi car has been becoming bad and damaged its body. This influences his service quality and income, as well as customers safety and satisfaction. Therefore he is taking a loan to purchase the new car body for his old taxi car 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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Enkhsaikhan to purchase the new car body for his old taxi car renovation.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 15, 2012
Mar 19, 2012
Currency Exchange Loss:
Apr 16, 2014