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Nerguibaatar
Mr. Nerguibaatar, 25, is an electrician in a private company. He lives with his family in the suburbs of Ulaanbaatar, the capital city of Mongolia. Nerguibaatar started working as an electrician 8 years ago, after graduating from high school. He has gained a lot of experience and is a skillful worker.

Nerguibaatar wants to renovate his old house which has never been repaired or renovated since being built. It has now become very old and cold to live in during the winter. Nerguibaatar has a plan to make internal adjustments and decorations in the house before next spring. Nerguibaatar is taking a loan to purchase some necessary building materials to renovate his 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Nerguibaatar to purchase building materials to renovate his house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 3, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013