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Mr. Jargalsaikhan, 47 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. The family resides in house on plot of land. He has been making and selling wooden products to local people since 2003. His elder three children all got married and live on their own. He is requesting a loan of 4200000 MNT to purchase planks and other raw materials in large amount. This business is the main income source for the family and he is searching for ways to increase work efficiency.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,667.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Jargalsaikhan to purchase planks in large quantity.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 28, 2013
Currency Exchange Loss:
Sep 17, 2015