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Gantulga is a loving husband and father of three. He lives in a ger, a Mongolian nomadic tent, in Hovd province, Mongolia. His wife helps with his business. His two oldest children live independently and the youngest one is a school student.

Gantulga started his business making wooden furniture at home in 2002. His furniture is well known for its quality and design. His wife sells his furniture in the market. He is a hardworking and diligent man who says "I have done everything I can to support my children. Now that they are old enough, it is time to concentrate on my business."

He is requesting 2,000,000 Mongolian Tugrik (MNT) to buy wood, panelling and an oven.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,301.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Gantulga to buy wood, panelling and an oven.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 13, 2011
Nov 2, 2011
Currency Exchange Loss:
May 17, 2013