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Ganbold, 52 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. Since 2010, his wife has been working as a sentry at the land-office. His elder daughter studies in the cooking profession at college and his son studies at high school. Ganbold has been rendering welding services to local people and has accumulated a vast amount of experience in this profession.

Ganbold is requesting a loan of MNT 1,100,000 to purchase seeds to plant vegetables, such as potatoes, carrots, and beets, and to build a greenhouse on his ring of fenced land. As a result, the family will use their own vegetables as food and will save money. More importantly, building a greenhouse and growing vegetables will contribute to the efforts against air pollution by converting carbon dioxide into oxygen. The borrower is a very hard-working individual who strives for a better future.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ganbold to purchase seeds to grow vegetables and to build a greenhouse.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 9, 2013
Apr 22, 2013
Currency Exchange Loss:
May 17, 2014