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Chinbat, 27 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a traditional Mongolian ger (portable felt dwelling) in Chinbat's brother’s yard.

From 2005 to 2010, Chinbat worked at a car wash, and in 2010 he won the organization's contest and was awarded an automobile, after which he began a taxi service for local people. He is now requesting a loan of 1500000 MNT to prepare for the upcoming Mongolian traditional holiday known as White Moon by purchasing furniture, repairing his car and covering the costs of holiday expenses. Because White Moon symbolizes the beginning of New Year, replacing old furniture and repairing his car are outward signs of a new beginning.

Chinbat is a very earnest individual who works with great sincerity. His near-future goal is to own land and build his own house.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Chinbat to cover the costs related to the White Moon holiday.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 7, 2013
Mar 4, 2013
Currency Exchange Loss:
Mar 17, 2014