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Mart, an unmarried 24-year-old who lives with her brother in the slum district of Kherlen, is a taxi driver around the Kherlen area. She started her business in 2009 and already has many permanent customers. She recently purchased a newer car, but unfortunately it broke down a month ago and her business is now stopped.

Because of the urgent need to earn a living and save money so that she can enter college and develop a career, she needs this loan to repair her taxi for renewed operation.

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
  • 1,301.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mart to repair her taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 21, 2011
Oct 30, 2011
Currency Exchange Loss:
Dec 15, 2012