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Baasandemberel is 25 years old. He lives with his wife and infant daughter in Ulaanbaatar, the capital city of Mongolia. They live together in a small house on his father's plot of land. His parents live in a ger,the traditional Mongolian nomadic tent on same land.

Baasandemberel has been running a taxi service in the city for the last few years and has gained much experience. Also, he runs a truck tire retail business in his yard. His wife looks after the baby at home. His father and brother-in-law also operate a taxi in the city. Baasandemberel is planning to purchase another second hand car and to build a small wooden house for his parents. He is a very smart and hardworking person with a strong will. The loan he is requesting will be used to get a newer second-hand car in better condition.

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
  • 1,188.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Baasandemberel to get a newer second hand car in better condition.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 30, 2011
Apr 4, 2011
Currency Exchange Loss:
Nov 15, 2012