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Enkhbaatar wants to start a new taxi business. He has been working as a serviceman in a private building company for the last four years. He lives with his pregnant wife in Ulaanbaatar, the capital city of Mongolia. Starting a taxi business is beneficial for increasing his monthly income and it is one of the businesses in which he is interested. Now he needs a loan to cover the cost of purchasing a car for use as a taxi.

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
  • 1,415.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Enkhbaatar to cover the costs of purchasing a car for use as a taxi.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 11, 2012
Jan 16, 2012
Currency Exchange Loss:
Jan 15, 2013