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Ariunbold
Ariunbold is 30 years old and lives with his wife and son in Darkhan, the second largest city in Mongolia. The family lives in a rented house. Ariunbold works in a power plant in Darkhan city along with his wife. They both have been working there since 2006 and their incomes are often not enough to live on.

In 2009, Ariunbold bought a small-sized plot of land in suburbia to improve his living conditions. He has been planning to build a house on his purchased land but he needs some additional funding to do it. Therefore, he is taking a loan to purchase building materials to build his house. By the way, he and his wife are very hard-working and honorable people.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Ariunbold to purchase building materials to build a house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2011
Listed
Aug 31, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012