Check out some available loans that are similar to this one!
Mr. Undrakh, 30 years old, lives with his mother, wife and daughter in Ulaanbaatar, the capital city of Mongolia. He began running an auto repair shop three months ago, and before this he rendered taxi service to local people. His wife has a position of manager at a private firm and his mother is a data entry worker at an intelligence authority in Mongolia.

He is requesting a loan of 3,000,000 MNT to pay his brother's tuition fees. His brother studies in Japan and needs to pay his tuition. He thinks investment in education is the best thing he can do for his younger brother.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,590.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Undrakh to pay tuition fees.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 24, 2013
Sep 29, 2013
Currency Exchange Loss:
Jan 17, 2014