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Mr. Davaasuren is a 51-year-old man living with him family in the slum district of Ulaanbaatar, the capital city of Mongolia.

He is an accountant, but for the past three years he has operated a taxi to earn a living. Lately, his taxi has been operating poorly because its core parts are damaged. Therefore, he has decided to fully repair his car, which he believes will allow him to generate an increase in profits in the future. The loan proceeds he is seeking will be dedicated to purchasing spare parts for his car.

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
  • 1,325.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Davaasuren to repair his taxi by purchasing additional spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 16, 2012
Feb 27, 2012
Currency Exchange Loss:
Oct 15, 2012