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Mr. Gantulga, 25, is a taxi driver around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for 2 years and before he used to work as a driver. He lives with his family in the slum district of the city. His daily income is about 20 bucks and it is a main income source for his family currently.

Now Gantulga needed some money to repair some of its damages and change old spare parts. It is an important thing to his service quality and customers' satisfaction. Also he hopes that the number of his daily service turns will be raised after the renovation. The loan he is taking will be dedicated to purchase the necessary spare parts for his taxi car repair.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Gantulga to purchase the necessary spare parts for his taxi car repair.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 31, 2012
Feb 4, 2012
Currency Exchange Loss:
Feb 15, 2013