Check out other loans that are currently fundraising!
Darkhanbaatar
Darkhanbaatar, 25 years old, lives with his younger sister in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people for the last two years. Before running this taxi service, he was a student at university but left it due to family reasons. His sister, 21 years old, is a senior student at university, and next year is her graduation year. Darkhanbaatar worked tirelessly for the last two years and as a result has purchased a new apartment. He is thinking of repairing the kitchen of his new apartment, so he is requesting the loan of 2,000,000 MNT. By repairing their kitchen, the hard working siblings can live in better conditions.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,398.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Darkhanbaatar to repair his kitchen.
95% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014