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Oyunbat, 26, is a taxi driver and lives alone. He runs his taxi business around the districts of Ulaanbatar, the capital city of Mongolia. He is also a college student and the taxi service is his main source of income.

Lately, his car is having some breakdowns, making it dangerous to serve customers. Therefore, he needs to change some parts and sections. It will be beneficial for his business earnings if he can make these repairs before winter. The loan Oyunbat is requesting will be used to purchase the new parts for his taxi car and to make the repairs to it.

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
  • 1,286.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Oyunbat to purchase new parts for his taxi car and to make repairs to it.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 13, 2011
Oct 25, 2011
Currency Exchange Loss:
Sep 15, 2012