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Mr. Bekhbayar, 37 years old, lives with his wife and 1-year-old son in Ulaanbaatar, the capital city of Mongolia. His wife has a position as an accountant at a bakery and also stays at home to care for her son.

Bekhbayar has been rendering transportation services since 2008. Before this business, he worked in Korea as a contract worker. He is requesting a loan of 3,500,000 MNT to purchase a sofa and wardrobe as well as repair his automobile's brakes. As a result, his family will be able to live in a comfortable place and he will be able to work enthusiastically due to his new braking system.

The borrower is a very hardworking individual who cares deeply for his wife and son.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Bekhbayar to purchase a sofa and wardrobe as well as repair his automobile's brakes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Mar 4, 2013
Currency Exchange Loss:
Mar 17, 2014