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Mr. Batzorigt is 47 years old and lives with his wife, daughter and son in Kherlen, Mongolia. His wife is a butcher and sells mutton and beef at the market. His daughter works as a barkeeper in a pub. His son goes to high school. He himself has been transporting goods within his home town and finds his customers at the market. Before the transportation business, he had been working at a military base. He is requesting a loan of 2,000,000 MNT to pay the rental fee for a karaoke operation. As a result, he can generate more income for his family. The borrower 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
  • 1,405.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Batzorigt to pay the rental fee for a karaoke operation.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 17, 2013
Apr 27, 2013
Currency Exchange Loss:
May 22, 2015