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Mrs. Lkhamsuren is 35 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. They live in a house which they built a few years ago. Her husband Bayarkhuu is a car mechanic. Mrs. Lkhamsuren has run an auto repair and service business for four years together with her husband. She uses her garage as a workshop. She gets enough customers, especially during the transition time from winter to summer and vice versa. She has a good reputation in the area for the quality of her service and her reasonable pricing. She is planning to install a big car jack in her garage to improve accessibility to the bottom of the car and to make her job easier.

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
  • 1,240.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Lkhamsuren to buy and install a big car jack in her garage to improve accessibility to the bottom of the car and to improve the quality of service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 20, 2011
Apr 25, 2011
Currency Exchange Loss:
May 15, 2012