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Mr. Adiya, 30, runs a taxi business around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for over two years. Before, he used to work as a driver in a company and he is very skilful driver. Lately his car has been bad to use for a taxi service. Some parts are broken completely and some are old. This is serious problem for him and his customers. As a result he wants to change his car and buy a better one, which is still second hand. He hopes that after the change, the number of his customers will increase.

So he needs 2,300,000 MNT to cover the remaining cost of purchasing a car 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
  • 1,333.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Adiya to cover the remaining cost of purchasing a car to improve his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 18, 2012
Jun 26, 2012
Currency Exchange Loss:
May 17, 2013