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Damjin
Mr. Damjin, 46 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been transporting goods between cities since 2010. His wife runs a pharmacy and their eldest daughter works at a mining company. Their son goes to high school while the youngest daughter is educated at kindergarten.

He is requesting a loan of 5 000,000 MNT to buy spare parts for his truck- income generator. After repairing old parts of his truck, he will be ready for the work as lots of transportation requests come during this period of time. The borrower is a 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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,767.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,850 helped Damjin to buy spare parts for his truck.
49% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
Apr 10, 2014
Currency Exchange Loss:
Possible