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Munkhbaatar is 53 years old and lives with his wife and 2 daughters in Ulaanbaatar, the capital city of Mongolia. He and his family live together in a ger, the Mongolian nomadic tent. His oldest daughter, Tserendolgor, is 29 years old and works as an accountant. His 24-year-old daughter, Dulamjav, attends a university. Munkhbaatar operates a water well in his town. He also operates an auto repair service. His wife has a very enterprising spirit, and she has grown potatoes, cucumbers, tomatoes and carrots on her own land. Munkhbaatar is an honest person and has good communication skills. He is requesting a loan to build a new house.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,371.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Munkhbaatar to build a new house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 29, 2010
May 3, 2010
Currency Exchange Loss:
Jul 18, 2011