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Tumurtulga
Mr. Tumurtulga is 57 years old and a driving instructor. He has been working as a driving instructor for 39 years and he still works as an instructor. He lives with his wife and 2 children in Ulaanbaatar, the capital city of Mongolia. He owns a plot of land and a family house on it. He has 2 other children who are grown up, both University graduates who live separately with their families. To give them proper education Tumurtulga spent all his savings and income while they were a students until 2009.

Since then, he has gradually improved his family’s living conditions. Two years ago Tumurtulga bought a family car, and last year he did some light improvements to his house. This time he is planning to do proper restoration to his family house by making the walls thicker and the house warmer to withstand Mongolian harsh winters. To do that he needs to buy rockwool insulation materials and to put them under floor, in all the walls and the roof, plus replace the doors and windows with double-glazed ones. Finally, the house will become warm and more efficient in the use of charcoal (for heat) as well as greener.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Tumurtulga buy insulation for all walls and the roof, plus replace the doors and windows to make the house warmer and greener.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2011
Listed
Jun 13, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013