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Tserenpil is a humble, helpful and open-minded person. He lives with his wife and three-year-old son in Ulaanbaatar, the capital of Mongolia. They all live together in their own house, built and purchased in 2008.

Tserenpil currently operates a transportation business in the city, using a van that he owns. He enjoys the work. He started his business in 2006, after obtaining a loan to purchase his van. He has found much success as a driver. He and his wife purchased a 2000-year-model van last autumn. He says the loans have changed his life and he appreciates that.

He is requesting a loan to purchase and install a heating system, which has a boiler and a stove, in his 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
  • 1,300.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Tserenpil to purchase and install a heating system, which has a boiler and a stove, in his house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 15, 2010
Oct 19, 2010
Currency Exchange Loss:
Aug 15, 2011