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Purevkhuu
Mr. Purevkhuu, 26 years old, lives with his wife and two daughters in a Mongolian traditional ger (portable felt dwelling) on a plot of land. He has been transporting goods between districts since 2011. His wife stays at home, looking after their children.

He is requesting a loan of 2,000,000 MNT (Mongolian tugriks) to buy a trailer in order to double the quantity of goods that he can transport at a time. As a result, his income will increase twice, and his living standards will improve. 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
  • 1,689.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,200 helped Purevkhuu to buy a vehicle trailer.
71% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
Possible