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Mr. Bolortulga is 27 years old. He lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His elder son attends school, while the younger one attends a nursery school. Bolortulga’s wife rents a stall and sells spare parts for mobile phones. Mr. Bolortulga works as a truck driver for a private company. Bolortuga’s family lives in a one-bedroom rented apartment. In his spare time, he operates a taxi business to earn extra money. He uses his family's old car for this. Bolortulga is applying for a loan to replace this old car with a newer one.

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
  • 1,252.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Bolortulga to replace an older car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 18, 2011
Mar 8, 2011
Currency Exchange Loss:
Sep 15, 2012