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Batdorj
Batdorj, 52, has been running a clothes selling business with his wife since 1995. At night he operates a taxi around town, which helps greatly to increase his family's monthly earnings. Batdorj lives with his wife and daughter in a shared apartment. His car is an old car to use for a taxi business, and lately it has been running poorly. This influences his service quality and business earnings for the worse, so Batdorj has decided he would like to buy spare parts for car repair. It will cost about 2,700,000 MNT. The loan he is taking will be dedicated to repairing his car.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,075 helped Batdorj to repair his taxi car.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Expired:
May 29, 2012