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Mr.Oyunbaatar 27, lives with his wife in a ger, a traditional Mongolian nomadic tent in Ulaanbaatar, the capital city of Mongolia. They are expecting a baby in January 2011. Since 2006, Oyunbaatar has been running a taxi business quite successfully, and in 2008 he bought a car off a leasing contract, paying it off in 2009. Last year he took a loan from us and managed to buy a ger to live in. The loan was paid off on time. Oyunbaatar is one of our many reliable customers.

This time he is applying for another loan to buy some spare parts and to repair and service his car. The taxi business is the family's only source of income at the moment. A very nice and hard working person, Oyunbaatar is planning to build a family house in the near future.

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
  • 1,219.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Oyunbaatar to buy spare parts and repair and service his car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 8, 2010
Jan 1, 2011
Currency Exchange Loss:
Jun 15, 2012