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Mr. Byambajav, 36 years old, lives with his wife and four children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house which was built in 2012. Before living in the house they lived in a Mongolian traditional ger (portable felt dwelling) on another person’s land. He has been rendering transportation service for ten years.

From 2003 to 2011, he was rendering transportation services using his own microvan within the districts of Ulaanbaatar. Since 2011, he changed his service routine and began to go for transportation between Ulaanbaatar and Zavkhan, the western province of Mongolia, in order to generate more income as all of his children are growing and their expenses are increasing.

He is requesting a loan of 1,000,000 MNT to purchase furniture for the coming Mongolian traditional holiday as known as White moon. As a result, the whole family can greet the most popular Mongolian holiday with joy and happiness. It is certain, the new furniture will add to the attractiveness of their house greatly.

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
  • 1,386.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Byambajav to purchase furniture.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Mar 1, 2013
Currency Exchange Loss:
Nov 17, 2013