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Mr.Gantumur is 48 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He is an experienced taxi driver who has been running a taxi business using his family car since 2000. His eldest daughter studies at university in the Czech Republic. His son recently completed driving lessons and has obtained a driver's license and recently became a taxi driver also, working for a taxi company. Gantumur’s family live in a ger, a traditional Mongolian nomadic tent, in ger district. Gantumur is planning to replace the fences around his plot of land and needs to buy building materials such as cement, sand, gravel, and concrete blocks. The loan he is taking will be used to buy these building materials.

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
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Gantumur to buy some building materials such as cement, sand, gravel, and concrete blocks to build a fence or wall around his plot of land.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 3, 2011
Jun 10, 2011
Currency Exchange Loss:
Nov 15, 2012