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Bishrelt

Update on Bishrelt

Mr. Bishrelt, 27 years old, lives with his mother and son in Ulaanbaatar, the capital city of Mongolia. Since the time of his divorce, he has been living in a rental house.



Bishreit has been rendering a taxi service to local people since 2006, and has accumulated vast experience in this service field. He is now requesting a loan of 1500000 MNT to cover the cost of repainting his car and purchasing furniture.



For the incoming traditional Mongolian holiday known as White Moon, every Mongolian renews something as a symbol of a new beginning and the anticipation of favorable events in the upcoming year. As well, a fully repainted automobile will certainly increase customer satisfaction. Also, new furniture will decorate his house.



Bishreit is a very hardworking individual who cares deeply for his son and mother.

Previous Loan Details

Mr. Bishrelt, 26, is a taxi driver around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for over 2 years and already has had his permanent customers who are satisfied with the quality of his taxi service. Lately his taxi car has been becoming old ... More from Bishrelt's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Bishrelt to purchase furniture and paint his automobile.
93% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014