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Mr. Byambanaran runs an auto repair service. He lives with his two daughters and his wife in Kherlen, a boundary town of Mongolia. He has been in this business for six years. During this period he has gained enough experience to stablize his business in the future. His customers always say that Byambanaran is a skilled repairman. This business has been a main income source for his family for the last several years since his wife has been unemployed.

His service equipment has became too old and some of them have been damaged. Therefore he needs a loan to purchase some better equipment to run his auto repair service.

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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Byambanaran to purchase some better equipment to run his auto repair service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 2, 2011
Nov 19, 2011
Currency Exchange Loss:
May 17, 2013