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Aldarmaa is a taxi driver. She is 39 years old. She lives with her husband and 4 children in Ulaanbaatar, the capital city of Mongolia. She has requested a loan to help her son Zoljargal, 19, to start his own wheel repair business. Zoljargal has been interested in auto mechanic since he was a child.

Aldarmaa and her husband always promote the initiatives of their kids. Starting this new business is absolutely important and beneficial for this family's income. But there is a financial issue of purchasing the necessary service equipment. Therefore, Aldarmaa is taking a loan to purchase the equipment for a wheel repair service business.

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
  • 1,242.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Aldarmaa buy equipment to start a wheel repair business.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Aug 17, 2011
Aug 27, 2011
Currency Exchange Loss:
Jan 15, 2013