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Munkhsaikhan is 32 years old and lives with his wife and 2 children in a ger, which is a traditional Mongolian nomadic tent. They live in Ulaanbaatar, the capital city of Mongolia. His son attends a local secondary school and his wife looks after their youngest daughter at home.

He has been operating an on-call carpet cleaning service business since 2008 with his 3 employees. During these years he has gained a lot of experience. In the future, he is planning to build a wooden house in his family’s yard.

This is Munkhsaikhan’s second loan through Credit Mongol. With this loan he will purchase a vacuum cleaner and other cleaning equipment.

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
  • 1,280.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Munkhsaikhan to purchase a vacuum cleaner and other cleaning equipment.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 5, 2010
Nov 8, 2010
Currency Exchange Loss:
Mar 15, 2012