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Mr. Samdankhorol, 47 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. His wife teaches at a kindergarten and he himself has been providing taxi services since 2008. He has accumulated a vast amount of experience in taxi service in the past five years. His three sons all study at university. He is requesting a loan of 4000000 MNT to purchase an automobile which runs on natural gas. The automobile will be used by his eldest son for transportation and taxi service purposes. The borrower thinks that way his son can be independent and fend for himself. Also the borrower is a very hardworking individual who cares deeply about his sons’ education.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Samdankhorol to purchase an automobile which runs on natural gas.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 21, 2013
Feb 1, 2013
Currency Exchange Loss:
Feb 17, 2015