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Myanganai
Myanganai is 51 years old and lives with family in Ulaanbaatar, the capital city of Mongolia. He is a skilled crane operator who has been working for over 16 years. His wife was a laboratory technician at the public health authority before she retired. Their older son lost his ability to work from an accident and their younger son is a student. Myanganai owns an old Russian mobile-crane and is requesting a loan of 4,000,000 MNT (Mongolian tugrigs) to buy some parts like a petrol pump, pump-barrel, and some other parts and do line maintenance on his mobile-crane.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,825.2
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,200 helped Myanganai to buy auto parts.
41% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible