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Mr. Enkhbaatar, 38 years old, lives with his wife, daughter and son in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. He has been rendering taxi service to local people for two years and has accumulated a vast amount of experience in picking up customers, shortening roads and delivering them quickly. Eight months ago, he and his wife began running a grocery store as an additional income source. He is requesting a loan of 3,500,000 MNT to purchase foodstuffs in large quantity from the supplier. As a result, he and his wife can run their grocery store continually without worrying about inventory shortage. The borrower is a very hardworking individual who greatly cares for his family.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Enkhbaatar to purchase foodstuffs in large quantity.
72% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 26, 2013
May 1, 2013
Currency Exchange Loss: