Check out some available loans that are similar to this one!
Mr. Bat-Ireedui is 32 years old and lives with his parents in an apartment in Ulaanbaatar, the capital city of Mongolia. His father is a builder and his mother has a trading business. Since 2010, he has been running a taxi business in his own car. He is a very talented person. As a child, he started repairing cars. For this reason he wants to start a new business. He will buy old cars, repair them, and then sell them. He says his new business will be successful because he knows how to fix cars. "It’s my hobby." If his business is successful, his income will increase. He is requesting a loan for 3,500,000 MNT to start this car repair and sales business.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Bat-Ireedui to start a new business repairing and selling cars.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 6, 2012
Nov 7, 2012
Currency Exchange Loss:
Feb 17, 2014