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Mr. Iderbaatar is a 34-year-old man who lives with his wife and three children in Darkhan, which is the second largest city of Mongolia. The family resides in a house on fenced land. He has been working as a welder at a steel mill for thirteen years since his university graduation.

He is requesting a loan of 2,000,000 MNT to purchase barbecue accessories and cooking equipment in order to make and sell barbecue during national holidays. By doing so, he can generate more income for his family and invest in his children's education. The borrower is a very hardworking individual who wants his children to be well educated.

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
  • 1,446.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Iderbaatar to purchase barbecue accessories and cooking equipment.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 19, 2013
Currency Exchange Loss:
Jan 17, 2014