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Gantumur
Gantumur is 36 years old, helpful, and an open-minded person. He lives with his wife, daughter, and son in Darkhan, the second largest city in Mongolia. His daughter Namuundari is 8 years old and his son Khatantumur is 11 years old. They are both in school.

Since 2008, he has been working as a steel reinforcing worker. In Mongolia, unemployment is high. That’s why he and his friends have organized a maintenance crew. His crew does jobs such as building houses, setting up heating systems, painting, masonry, and any construction work. His wife is a cook for this maintenance crew.

This summer, he bought land and a wooden house. He already paid most of the money, but still owes 2,000,000 MNT to the seller. The reason he is asking for this loan is to pay the rest of the money for his land and wooden house. Before this summer, his family rented a 1-room apartment. He said that this winter, they can now live comfortably and in peace.

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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Gantumur to pay the rest of the money for his land and wooden house.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013