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Mr. Tuvshinbold is 28 years old and lives with his wife, mother-in-law and dog (a German shepherd) in Ulaanbaatar, the capital city of Mongolia. They live in a family house which Tuvshinbold built last year.

His wife Bayannuur, 26, works in a Cashmere factory as a planning officer. Mr. Tuvshinbold is professional welder but currently he runs a taxi business, carrying people around Ulaanbaatar city and bringing extra income to the family. He earns around $290 a month from his taxi business.

The house he built is not complete yet and the entrance, windows and insulation needs to be done. The Mongolian winter is one of the harshest in the world. The temperature in winter time, especially at night, drops to -40 degrees of Celsius. Therefore, the houses should be well-insulated from the cold. Currently most households in Ulaanbaatar city use coal fired stoves for heating which pollutes the air to dangerous level. The Mongolian government takes some measures to improve the air quality by helping to replace coal fired stoves to gas ones and improve the insulation of the houses. Well-insulated houses require less charcoal to burn, emitting less poisonous smoke into the air and helps to save on heating costs of households.

The loan he is asking for will be used to pay for insulation materials for the walls, double-glazed windows and other building materials to finish the house and to make the house warm and well-insulated from the cold.

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 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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,224.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Tuvshinbold to pay for insulation materials for the walls, double-glazed windows and other building materials to finish the entrance and to make the house warm and well-insulated.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 7, 2011
Apr 24, 2011
Currency Exchange Loss:
Nov 15, 2012