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Khurelchuluun
Khurelchuluun is 27 years old. Since last year, he has been working as a plumber in a company. When he has days off, he runs a taxi business.

Khurelchuluun lives with his father and younger brother in Ulaanbaatar, the capital city of Mongolia. They live in a ger--a Mongolian nomadic tent--which is broken and became stale during the last July heavy rains. Khurelchuluun needs to change the covering, and possibly other parts, of his ger. He is taking a loan to purchase a new covering for the ger or other parts needed to make repairs to it.

Khurelchuluun plans to marry his girlfriend within the year, if he can.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,224.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Khurelchuluun to purchase a new covering or other parts for his ger in order to repair it.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2011
Listed
Aug 18, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012