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Mr. Batbayar, 29, works as a dealer for a private food company. He lives with his daughter and wife in a ger (Mongolian nomadic yurt) in the ger district of Ulaanbaatar, the capital city of Mongolia. Batbayar has been working for over four years but he still does not have enough salary to meet his family's needs. This year his daughter will enter primary school and it will cost a lot for school fees and other necessary expenses. Therefore, Batbayar decided to start a taxi service on top of his job to increase his earnings.

Currently, Batbayar has an old car for family use, but it has a lot of damage for running a taxi business around the streets of Ulaanbaatar. In essence, he is planning to install a fiery fuel engine. It is a kind of engine which is smokeless and environmentally oriented. First, he needs to repair it completely. The loan he is requesting will be used to repair his old car and cover the cost of a new fiery fuel engine.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Batbayar to make repairs to his old car and cover the cost of a new fiery fuel engine for his car.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 23, 2012
Apr 23, 2012
Currency Exchange Loss:
Nov 15, 2012