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Unurbat
Mr. Unurbat is 33 years old and lives with his wife and two children, ages 9 and 12. Until 2000, he ran a farming business growing livestock in the Dundgovi province of Mongolia. Winter 2000 was one of the coldest in past decade. During that winter, Mr. Unurbat lost most of his livestock and had to move to Ulaanbaatar, the capital city. Then he bought a second-hand minivan and started running a transportation business quite successfully.

His wife Altantsetseg works with him as a cashier. Every three years, they have to renew the van because of the transportation authority's safety requirements.

In 2009, they built a 56-square-meter wooden house using their savings. The reason they are asking for this loan is to buy some insulation materials to make the house warmer during the winter. They also want to make a separate room for their kids.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,307.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Unurbat to buy some insulation materials to make the house warmer during the winter.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011