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Mr. Ganbat is 37 years old. He lives with his son, daughter and wife in their own house in Ulaanbaatar, the capital city of Mongolia. He is a taxi driver, and has been running this business for many years. He also works at construction when he has orders for building or decoration.

Recently, his house and fence became very bad, unstable and uncomfortable to live in. Especially, there is a need to make insulation on the walls, repair the roof and change the window sheets firstly. Likewise, the fence should be renovated and he is planning to rebuild it with brick.

Therefore, Ganbat is requesting a loan to purchase necessary building materials to make a renovation to his house 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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,237.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Ganbat to purchase necessary building materials to make a renovation to his house and fence.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 18, 2011
Aug 28, 2011
Currency Exchange Loss:
Mar 15, 2013