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Mr. Enkhjargal, 32 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people since 2009, and has accumulated necessary experiences like where and how to pick up customers and shorten trips. Before this job, he worked as a cook, between 2005 and 2009.

His elder son goes to kindergarten while his two-year-old younger son, together with his mother, stays at home. The family resides in a rental house on rented land. He is requesting a loan of 1,000,000 MNT to purchase furniture such as a sofa and a wardrobe. These items will make the house more comfortable and he will work more enthusiastically. 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,412.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Enkhjargal to purchase furniture such as a sofa and a wardrobe.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 25, 2013
May 4, 2013
Currency Exchange Loss:
May 17, 2014