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Mr. Khurelbaatar is a talented artist who is 46 years old. He lives with his wife and two children in Ulaanbaatar, the capital of Mongolia. Both of his children are in school and his older daughter graduates this year. In 1985, Khurelbaatar graduated from an art college and has worked as a freelance artist ever since. In 2008, he started making embroidered paintings on leather and today sells most of his paintings to tourists at various souvenir shops. He also owns a small plot of land and an old wooden house. He is planning to build a new home for his family and is applying for this loan to buy building materials.

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
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Khurelbaatar to buy building materials for a new home.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 25, 2011
Jun 10, 2011
Currency Exchange Loss:
May 15, 2012