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Mrs. Narantuya, 46 runs a passenger transportation business around the districts of Ulaanbaatar, the capital city of Mongolia. She has been doing her business since 2005 and already she has permanent customers. Her monthly earning does not meet with her family necessities often. She lives with her children in the slum district of Ulaanbaatar.
Lately her business income has been reduced notably in due to damages in her minivan. It influences badly to the number of rides she can provide in a day. And she could not provide the satisfaction and security of service to her customers. Therefore she decided to make renovation to her minivan. The loan she is taking will be dedicated to purchasing the spare-parts for the renovation of her minivan.

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
  • 1,350.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Narantuya to purchase the spare-parts for the renovation of her minivan.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 5, 2011
Dec 13, 2011
Currency Exchange Loss:
Apr 17, 2013