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Mr. Gandul, who is 26 years old, lives with his wife and son in Ulaanbaatar, capital city of Mongolia.

He has been running an internet cafe for five years. Before the internet cafe, he traded currencies, and from the trading he made a living. His wife is currently unemployed and pregnant.

He is requesting a loan of MNT 4,500,000 to purchase more computer equipment, such as keyboards, "mice," and processors. This equipment will ensure the stable running of his internet cafe.

The borrower is a very hard-working individual who strives for a better future.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,700.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Gandul to purchase equipment for his internet cafe.
57% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 23, 2013
Currency Exchange Loss: