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Byambatogtokh
Mr. Byambatogtokh, 30 years old, lives with his wife and three children in Ulaanbaatar, capital city of Mongolia. He has been rendering taxi service to local people for four consecutive years and accumulated experiences such as where, how and when to pick up customers and how to drive them fast to their destination. Before his taxi service, he has been working as a cook at a restaurant. His wife prepares some food at home and sells it to vendors at an outdoor market. Their children all go to secondary school.

Mr. Byambatogtokh is requesting a loan of 1,500,000 MNT to purchase furnishings and appliances such as a television, fridge, television shelf and kitchen implements. These items will make the house a more comfortable place and he will work more enthusiastically, taking encouragement from his improved living conditions. 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
  • 1,412.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Byambatogtokh to purchase furnishings and appliances such as a television, fridge, television shelf and kitchen implements.
90% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 26, 2013
Listed
May 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014