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Bat-erdene, 34 years old, lives alone in an apartment in Ulaanbaatar, the capital city of Mongolia. He has been working as a bookkeeper at a private company since 2011. Now he is requesting a loan of 3,000,000 MNT to pay for the remaining costs for his automobile which runs on natural gas. He will use the automobile for a taxi service, as a way to generate additional income. He thinks extra income will be necessary when he gets married because he wants to provide his family's needs without any hardship.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,614.3
    Mongolia Tugriks (MNT) = $1 USD
A loan of $1,875 helped Bat-Erdene to pay the remaining costs for his automobile.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 5, 2013
Sep 7, 2013
Currency Exchange Loss:
Oct 7, 2013