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Mr. Ganbold is 54 years old and lives with his wife and two sons in Ulaanbaatar, the capital city of Mongolia. The family resides in a house on a plot of land. He has been rendering his taxi service to local people by renting an automobile from a taxi service company since 2002. Before operating his taxi service, he had worked in South Korea through an employment contract between 1994 and 2001. His elder son works as an operator at a building company. The rent fee for automobiles he uses for his taxi service has increased and it became hard to live on he and his son's salary. So he is requesting a loan of 2,000,000 MNT to purchase an automobile which runs on natural gas. He thinks it is far better in the long run to buy his own vehicle instead of renting an automobile.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,567.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Ganbold to purchase an automobile which runs on natural gas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 16, 2013
Aug 21, 2013
Currency Exchange Loss:
Aug 17, 2014