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Azjargal
Mr. Azjargal is 26 years old and lives with his wife in Kherlen, a boundary town of western Mongolia. He works as a watchman in a private company and his monthly salary is not enough for his family expenses currently. His family lives in a house that was built over 25 years ago. In the past several years, his house has become very old and damaged. His house becomes especially cold during the wintertime due to the fact that the walls are without insulation. Also, he needs to renovate his home furniture after the adjustment to the house. Therefore, the loan he is taking will be dedicated to purchasing the building materials to insulate the walls and purchase some new Western furniture for his rooms.

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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Azjargal to insulate the walls and purchase some new Western furniture for his rooms.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013