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Ganzorig
Ganzorig, 38, runs a freight transportation business. He lives with his family in the ger district (ger is a Mongolian traditional nomadic tent) in Ulaanbaatar, the capital city of Mongolia. He started his business in 1992 and carries heavy luggage and things between cities or regions. His truck is the main tool for his business and he always takes care of its wholeness and safety.

Now he wants to start his second business in used cars sales in the auto bazaar. He is planning to purchase and collect his used cars from private persons around the city. Then he will make some necessary repairs or adjustments to them. Therefore, he needs some money for the costs of the starting and adjustments of his new business. He will use his loan to purchase some old cars for creating his new business working capital. Let’s support him to start his new business.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Ganzorig to purchase some old cars for creating his new business working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2012
Listed
Feb 7, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012