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Khaidav is 55 years old and lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. They live in ger, a traditional Mongolian nomadic tent.

Khaidav is a monk. He established his own small monastery in 2004 and since then, he has been providing different religious services to his clients. Also he has a few disciples who come to his teachings every day.

Khaidav's only son is mentally ill and needs constant care. Khaidav’s wife looks after and cares for his son. She also runs a home appliance retail business at the outdoor market.

Khaidav’s monastery was built in 2004 and it needs some renovation at the moment. The loan Khaidav is taking will be used to buy the necessary building materials and to do renovation to his monastery.

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
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Khaidav to buy the necessary building materials and to do renovation to his monastery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 22, 2011
Jul 4, 2011
Currency Exchange Loss:
Jul 15, 2012