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Mr. Khurlee lives with his wife and his son in a ger, the traditional Mongolian nomadic tent. He has been running a taxi since 2007 around the districts of Ulaanbaatar, the capital city of Mongolia. He has gained experience in his business and already has many permanent customers who he often serves.
Khurlee is requesting a loan to cover the cost of purchasing a car for his taxi business. He needs to renew his car for a better one because his current car is getting old and becoming inadequate for taxi service – possibly giving a negative impression to his passengers. Therefore, he has decided to replace his car in order to improve his business.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $875 helped Khurlee to purchase a car for his taxi business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jan 4, 2012
Jan 6, 2012
Currency Exchange Loss:
Oct 15, 2012