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Gandorj
Mr. Gandorj is 39 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His two children go to a local secondary school. Gandorj’s wife, Otgonbayar, used to run a transportation business carrying people using her family minibus. But recently city authorities toughened the requirements for public transport and as a result, she lost the permission to carry people in her minibus. She is a professional chef and currently she is looking for a job in the kitchen.

Batbayar is man of ambition. Batbayar is building a house, garage, fence and shed to install a heating system. Currently the garage, fence and shed are almost done; he needs to install the big doors to the garage and fence. He is planning to complete the house next year. The loan Gandorj is taking will be used to buy metal doors for the garage and fence.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Gandorj to buy metal doors for the garage and fence.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2011
Listed
Apr 27, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012