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Ganbold
Mr. Ganbold is a 49-year-old carpenter. He has been running a furniture making business since 2006. He lives with his wife and only son in Ulaanbaatar, the capital city of Mongolia. His wife works as a chef in a cafeteria.

Ganbold's family lives in a house which he built a few years ago. Ganbold uses his garage as a workshop and he employs two more carpenters. He produces different home furniture such as beds, sofas, wardrobes, shelves, chairs and so on per customer order. His products are in high demand, especially furniture for gers, which are traditional Mongolian nomadic tents. He gets enough orders to complete. He also sells some of his products at Narantuul, the biggest outdoor market in Ulaanbaatar city.

This loan Ganbold is asking for will be used to replenish some of his tools and to stock more materials such as wood, planks, metal sheets, and other necessary things to make furniture.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Ganbold to buy hardware, tools, and other materials to make furniture.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
Apr 25, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012