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Mr. Ganzorig, 42 years old, lives with his wife and four children in Dornod, an eastern province of Mongolia. The family resides in a traditional Mongolian home, a ger. Their main source of income is from the sale of silk, silk-made products, and Mongolian boots. They purchase the materials from a neighboring city in China. Before China closes its border, he wants to buy materials. He is requesting a loan for 2,800,000 MNT. The loan will help his family to generate more income and will contribute to their economic prosperity. Ganzorig is a very hardworking individual. In the future he has a goal of building his own house.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Ganzorig to buy silk and other materials.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 6, 2012
Currency Exchange Loss:
Apr 16, 2014