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Mr. Byambatogtokh is 55 years old and a blacksmith. He lives with his wife in Ulaanbaatar, the capital city of Mongolia. They have three children who are grown up and live separately with their families. Byambatogtokh’s wife is a pensioner and she looks after the household.

Until 2008 Byambatogtokh worked for a metal construction company. He is an experienced blacksmith who makes different household metal items such as metal stoves, piping, farming tools and so on by customers' orders. Currently he rents a small workshop near his home. He is planning to expand his business by buying some necessary instruments like a welding machine, a metal cutter, a metal bender and so on. The loan he is taking will be used to buy necessary instruments essential to his blacksmith business and to buy more metal sheets.

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
  • 1,248.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Byambatogtokh to buy necessary instruments for his blacksmith business and more metal sheets as raw material.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 31, 2011
Jun 7, 2011
Currency Exchange Loss:
Jun 15, 2012