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Dambasuren, 23 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on their plot of land. He has been rendering taxi service to local people since 2010 when he purchased an automobile by leasing from a bank. The automobile he uses for a taxi has deteriorated over the years and needs some serious repair.

So, he is requesting a loan of 2,000,000 MNT to purchase four amortisseur (shock absorbers), mastic (car wax) and to pay for a diagnosis. As a result, he can generate more income for his family. Dambasuren is a very hardworking individual who strives for a better future.

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
  • 1,380.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Dambasuren to repair his automobile.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 28, 2013
Feb 1, 2013
Currency Exchange Loss:
Mar 17, 2014