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Update on Bat-Ulzii

Mr. Bat-Ulzii, 36 years old, has been rendering taxi services to local people since 2009 and has accumulated a vast amount of experience. Before providing the taxi service, he was driving a bus for three years at a private transportation entity. He is divorced and his only son now lives with his wife separately from him. Using his previous loan, he repaired his automobile which he uses for the taxi service and paid each installment debt on schedule without delay. He is requesting a loan of 2,000,000 MNT to purchase a television and a bed. Purchasing these items will certainly improve his living standard. In particular, a comfortable bed will enable him to sleep well. The borrower is a very hardworking individual who deeply cares for his son and contributes to his son's education by remitting money.

Previous Loan Details

Mr. Bat-Ulzii, 34, runs a taxi around the districts of Ulaanbaatar, the capital city of Mongolia. He has been conducting his business since 2009. Before that, he used to work as a bus driver for over 3 years and has gained enough experience by himself. He is divorced and his children live with h... More from Bat-Ulzii'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

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Bat-Ulzii to purchase a television and bed.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 28, 2013
Apr 3, 2013
Currency Exchange Loss:
Oct 17, 2014