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Mr. Munkhsaikhan, 37 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. His wife has the position of teacher at a kindergarten and began her work in 2012. Before becoming a full time teacher, she had been working as an assistant teacher since 2007.

Munkhsaikhan himself has been rendering taxi service to local people since 2003, and has accumulated a vast amount of experience in this service field. In 2003, he began to work as a taxi driver for a business entity that rendered taxi service. But the next year, he found that rendering taxi service himself was more profitable than working for a company.

He is requesting a loan of 1,000,000 MNT to purchase spare parts for repairing his automobile. As a result, he can continue to render his taxi service to local people and generate income for his family. He is a very hardworking individual who cares deeply for his children and his wife.

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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Munkhsaikhan to purchase automobile spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Mar 6, 2013
Currency Exchange Loss:
May 17, 2013