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Mr.Bat-Orgil is 38 years old and lives with his family in Darkhan, the second biggest city in the country of Mongolia. His wife owns a small grocery shop in the family yard. She has been doing this business for more than 7 years and is very experienced in this sector. Bat-Orgil’s eldest son is in the Army and will be demobilized from it next year.

Bat-Orgil owns a car, which he uses for his taxi business. He says it is very good earnings. Unfortunately, his car is out of date and he wants to renew his vehicle. He has just purchased a new car for 6,000,000 tugrik and he has paid off 4,000,000 tugrik. Now, he is requesting a 2,000,000 tugrik loan to finish his car payments.

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
  • 1,294.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Bat-Orgil to finish his car payment.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 13, 2011
Oct 26, 2011
Currency Exchange Loss:
Aug 15, 2012