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Ganbat is 39 years old. He lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. They live in a two-bedroom studio apartment. Ganbat’s two older sons are attending the local secondary school and the youngest son is just one year old. His wife Uranjargal, 26, is a doctor.

Ganbat has been running a kimchi factory for the last three years with 2 employees. He worked in a kimchi factory when he was in Korea. He is dedicated to supplying his customers with his own label quality products by paying close attention to taste, quality and hygiene. He is a very optimistic person who wants to improve his family’s living condition and is planning to have his own working place. He also wants to give his children a good education and teach them morals.

Ganbat plans to use the loan he is asking for to purchase plastic bags to use in his business.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Ganbat to purchase plastic bags for kimchi production factory.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 21, 2011
Mar 8, 2011
Currency Exchange Loss:
Dec 15, 2011