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Mr. Jargalsaikhan is 46-years-old, and lives with his wife and three daughters in Ulaanbaatar, the capital city of Mongolia. His elder two daughters study at university while his youngest daughter goes to high school. His wife works at American investment company and is paid on monthly basis. He has been doing construction work on contract with private business entities since 2009 and has accumulated vast amount of experience in doing this business. He is requesting a loan of 4,000,000 MNT to purchase two ground diggers and breakers. This equipment will be used for a construction project on order of particular business entity. He and his squad will perform the construction work quickly and qualitatively. 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,875 helped Jargalsaikhan to purchase two diggers and breakers.
90% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 23, 2013
Apr 29, 2013
Currency Exchange Loss:
Jun 17, 2014