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Amarjargal, 49 years old, lives with his wife and daughter in a house on fenced land in Ulaanbaatar, capital city of Mongolia. His sons are married and live separately. He is a good driver and works at a private firm. During his day off, he also transports goods between districts. His daughter is soon going to study in China on scholarship but she can't afford to pay for accommodation, food and other things. So he is requesting a loan of 4,600,000 MNT to help his daughter. He thinks the best thing he can do for his daughter is to contribute to her study.

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
  • 1,602.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Amarjargal to help his daughter's education.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Oct 4, 2013
Currency Exchange Loss:
Oct 17, 2015