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Khosbayar
Mr. Khosbayar, 41 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. He has been selling and installing electric heaters for a living since 2006. His business is environmentally friendly, so the government supports his efforts and imposes a low level of taxation.

Mr. Khosbayar is requesting a loan of 2250 USD to import extra heaters from Korea in order to continue to sell his goods without worrying about shortage. This kind of heater has ample demand and it is installed under floors, heating the home from the bottom.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Khosbayar to import low pressure heaters.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 5, 2014
Currency Exchange Loss:
N/A
Ended:
Jun 6, 2015