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Mr. Ganbaatar is 29 years old; he is married with two children. They live in Kherlen, a boundary town in Mongolia. Ganbaatar is a military man, but he also runs a commercial store for more than five years. His wife works as a cashier at the store. Beside his store, Ganbaatar wants to sell smokeless fuel (the Mongolian government suggests people use it) in order to reduce air pollution in the cities and towns of Mongolia. He said that selling the smokeless fuel is not very profitable, but he wants to lend a hand to the environment.

He dreams to have his own house to live in. He is requesting a loan to purchase smokeless fuel and increase his working capital for his grocery store.

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

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Ganbaatar to purchase smokeless fuel and increase his working capital for his grocery store.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 30, 2011
Dec 22, 2011
Currency Exchange Loss:
Mar 15, 2012