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Mr.Ulambayar is 26 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He lives in the extension of his parent's house which he built two years ago. His wife looks after her baby at the moment. Ulambayar runs a taxi business using his family car. The car, which he bought two years ago, has gotten old and needs replacing. The taxi business is the family’s only source of income. Ulambayar is asking for a loan to replace his old family car which he uses in his taxi business. He is going to sell the old car and to buy better second hand car.

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
  • 1,212.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ulambayar to replace his old family car which he uses in his taxi business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 17, 2011
May 21, 2011
Currency Exchange Loss:
Nov 15, 2011