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Batsuren is 30 years old. He lives with his wife and daughter of three months. He has a job in a local company. He was doing the job for three years. However, the salary was not enough for his and his family's needs. He decided to quit his job and started his own taxi business. His business is growing well, and the income is increasing lately. He said it is more profitable than the fixed salary. He is a very hardworking and honest person who always cares for his family. He needs to keep his car in good condition so that he can continue to earn a living. Therefore, he is requesting a 1,500,000 tugrug loan in order for him to make the necessary repairs and to replace parts on 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Batsuren to make the necessary repairs to his car and to replace parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 12, 2012
Nov 9, 2012
Currency Exchange Loss:
Nov 17, 2013