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Altansukh
Mr. Altansukh is 41 years old, and lives with his wife and two children in UIaanbaatar, the capital city of Mongolia. He has been running a taxi business since 2009 and used to work as a vendor in a private food production company. Altansukh tries to work hard and he does not take days off. His daughter, Binderya, is an accounting student at the university, while his son, Khash-Erdene, is a pupil in secondary school.

Recently he has requested a loan to renovate part of his house. He wants to convert his hallway to a dining room with a gas furnace. This would be important for his family's finances, as well as their living conditions, and harmless to the environment. Also he is planning to insulate the walls. Therefore he needs funding to purchase building materials such as brick, cement, sand and iron pipes.

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
  • 1,254.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Altansukh to purchasing building materials such as brick, cement, sand and iron pipe to renovate his house.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2011
Listed
Sep 20, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012