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Mr. Ganzorig is 31 and runs a taxi business in Ulaanbaatar, the capital city of Mongolia. He lives with only his wife and they own a small house in the rookery. His wife is pregnant and will deliver her baby soon. Ganzorig has been managing his taxi service business since 2007. His daily earning is not quite enough for their life.

Currently, he wants to do renovations to his house before his baby’s birth. If he can repair his house, it will be in a better condition to raise their babies and more comfortable to live in.

Ganzorig is taking a loan to purchase some building materials to repair his old house.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,227.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Ganzorig to purchase some building materials to repair his old house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 4, 2011
Aug 19, 2011
Currency Exchange Loss:
Mar 15, 2012