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Erdenebayar is 47 years old, married, and has children. He lives in Ulaanbaatar, the capital of Mongolia. He has been working as an organizer at a diplomat corps for 10 years. His wife has position as a CEO at a high school.

This summer, Erdenebayar raised vegetables and now wants to harvest them. Due to the lack of finance, he cannot afford to do. As winter is coming closer, his vegetables are in danger so he is requesting a loan for 7,000,000 MNT, which he will use to hire workers for harvesting and to rent truck for transporting. By doing so, he can supply his vegetables to local vendors so that people can eat fresh vegetables, which is useful for overall health.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,200 helped Erdenebayar to harvest vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 19, 2013
Oct 25, 2013
Currency Exchange Loss:
Oct 17, 2015