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Munkhnairamdal, 43 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. Since 2007, Munkhnairamdal has been working as a manager at a private business. His son studies at university. Recently, Munkhnairamdal decided to begin a transportation business using his own truck. His truck has ten tires which have deteriorated over the years.

Munkhnairamdal is requesting a 4,000,000 MNT loan to purchase new tires from China. After changing the old tires with new ones, he will be able to use his truck to transport heavy-weight goods. His business has no risk of failure because heavy-weight trucks are in great demand by building companies. Munkhnairamdal's loan will certainly improve his living standards. He is a very hardworking individual who strives for 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Munkhnairamdal to purchase ten new truck tires.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 20, 2013
Jun 1, 2013
Currency Exchange Loss:
Dec 17, 2013