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Mr. Byambadorj, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. His wife stays at home and looks after their two children who are five and one years old.

Since 2009, he has been working as an inspector in the police department and in 2012 he began to instruct legislation at the university. His wife has found a way of generating more income by opening a grocery store on their land. He himself supported this idea.

He is requesting a loan of 2,000,000 MNT to acquire the special license which is essential for operating a grocery store and some necessary goods such as breads, cookies and sweets. As a result, the family can generate more income in addition his salary thus enabling them to save more money to be used for their children’s future needs.

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
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Byambadorj to acquire the special license for a grocery store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Jan 8, 2013
Currency Exchange Loss:
Jul 17, 2014