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Mr. Byambasuren is a 46-year-old who lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. He was employed as a welder before, but the salary wasn’t enough to meet his family's necessities, so he started driving a taxi four years ago. Beyond the taxi business, he services cars for more earnings.

Byambasuren’s wife is pregnant and is going to give birth soon. He is very worried about his old house’s condition as the new baby is coming. The loan he is requesting will be used to repair the roof and other parts of his house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Byambasuren to repair the roof and other parts of his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 15, 2011
Dec 26, 2011
Currency Exchange Loss:
Jan 15, 2013