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Jaadamba
Mr. Jaadamba, 35 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been working as an electrician at a power plant since 1999. His wife runs an automobile repair shop. Their children go to school.

He is requesting a loan of 4,000,000 MNT to buy necessary equipment and tires of different sizes. He wants to expand his wife's business through high quality service based on quality equipment and tools. This will certainly attract large numbers of customers to his wife's repair shop, and generate more income, improving his family's living standard.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,826.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,200 helped Jaadamba to buy necessary equipment and tires of different sizes.
16% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2014
Listed
Jul 14, 2014
Currency Exchange Loss:
Possible