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Mr. Chuluunbat, 51 years old, lives with his wife in Darkhan, the second largest city of Mongolia. He has been working as an engineer at a steel factory since 2009. His wife works at a private company. They have two sons, both of whom live in Ulaanbaatar, the capital city of Mongolia. He is requesting a loan of 4,000,000 MNT to buy potato seeds. He and his wife will grow potatoes and harvest them in autumn. They will use some for themselves and sell the surplus to local people who are in need of quality potatoes.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,825.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Chuluunbat to buy potato seeds.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
At end of term
Jun 19, 2014
Jun 27, 2014
Currency Exchange Loss:
Aug 17, 2014