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Mr. Gankhuyag, 47 years old, lives with his son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on his brother’s yard. His eight-year-old son goes to school. From 1987 to 1991, he worked as a welder for a private business. Since 1992 he has been providing welding and automobile repair services on his own. Last year, he began to provide taxi services. Although one year is a short duration of time, he accumulated vast amount of experience. He is requesting a loan of 1,500,000 MNT to purchase furniture such as a table, chairs, and a chest of drawers for his house. As a result, the family can live in a comfortable place where his son can do his homework enthusiastically.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Gankhuyag to purchase a table, a chest of drawers, and chairs.
93% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 30, 2013
Feb 4, 2013
Currency Exchange Loss:
Mar 17, 2014