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Choijamts is 52 years old, married, and has two teenage children. He lives in a ger, a nomadic Mongolian traditional tent, with his family. He has been driving a taxi for more than 15 years. During the first eight years he drove a company car, but for the last seven years he has been driving his own car to run a transportation business. With his many years of experience, he has a lot of loyal customers and his business is expanding rapidly.

His family is made up of very hardworking people and they always wanted to build their own house. Choijamts has been saving to build a house. Unfortunately, there is still need of some extra funds to finish the house building. He is requesting a loan to buy construction materials.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,264.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Choijamts to buy construction materials to finish building his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 16, 2011
Oct 7, 2011
Currency Exchange Loss:
Apr 17, 2013