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Amgalanbaatar
Mr. Amgalanbaatar, age 37, runs a taxi service around the districts of Darkhan, the second largest city in Mongolia. He has been running his business for two years. His daily earnings do not always pay for his family's necessities.

He lives with wife and son in their house, which was built in the early 1980s. His family has been living in this house since it was built, and they have never made any improvements to it.

Lately his house has become very uncomfortable. It has become cold during winter and many parts are damaged. Therefore, Amgalanbaatar decided to make renovations to his house and he needs to purchase the necessary building materials to make these renovations. Then he will install a smokeless furnace in his living room.

In the last several years, smoke and air pollution have become big issues in Mongolia. It comes from the slum district households that use coal and old cars in the cities.

The loan Mr. Amgalanbaata is requesting will be dedicated to making renovations to his house and to buying a new smokeless furnace from a certified supplier.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • $15,360,225
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Amgalanbaatar to make renovations to his house and to buy a new smokeless furnace from a certified supplier.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2011
Listed
Dec 12, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015