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Nyamzav
Mr. Nyamzav is 37 years old. He lives with his wife and a son in Ulaanbaatar, the capital city of Mongolia. They live in a Mongolian ger, a nomadic tent. He works as a driver at a bus company. His wife is an assistant worker in a cashmere factory. They both have a fixed income. He is a very hard working and honest person. Currently he and his family have been living in a house which is cold to live in during the winter time. Therefore, he started to build a new family house that is warm and comfortable. Now he needs some money to finish building the house. He is requesting a loan to purchase two vacuum windows, a door, and some bricks for completing the house.

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
  • 1,279.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Nyamzav to purchase two vacuum windows, a door, and some bricks for completing the house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013