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Gantulga is 33 years old. He lives with his wife and two sons in Ulaanbaatar, the capital city of Mongolia. His family lives in a ger, a traditional Mongolian nomadic tent. Galtulga’s wife is hairdresser and works in a beauty salon.

Since 2009, Gantulga has been running a taxi business using his family car, and in January this year, he got the job as a driving instructor at a local driving school. Instructors can use their own car as a driving school car and obtain a small rental price. So Gantulga does this and it helps his family to earn some extra income on top of his salary.

Currently, his car needs some proper service. The loan Gantulga is taking will be used to buy necessary spare parts and to do some repair and service to his car, which he uses as a driving school car.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Gantulga to buy spare parts and to service and repair his car, which he uses as a driving school car.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 8, 2011
Jun 23, 2011
Currency Exchange Loss:
Oct 17, 2011