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Gantulga
Gantulga G. lives with his wife and two teenage children in Ulaanbaatar, the capital city of Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent. He drives a cab in the town. His oldest children attend secondary school, while his youngest daughter stays at home with his mother. His wife Saruul is a professional hairdresser.

He has been doing the taxi business since 2005. Gantulga is a very hardworking person and is known for his good character. He is working hard to maintain his success and has much hope for the future. He needs to keep his car in good condition so that he can continue to earn a living. Therefore, he is requesting a 1,300,000 tugrug loan in order for him to make the necessary repairs and to replace parts on his car.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,332,750
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Gantulga to repair his car.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2010
Listed
Jul 19, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011