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Mr. Uyen, 45, works as a welder at a private company and lives with his family in an apartment in Darkhan, the second largest city in Mongolia. Uyen always wants to improve his living conditions. This time, he is planning to make renovations to his apartment because it has become very old and uncomfortable to live in. Especially in winter, heat loss happens through the window due to removed insulation of the window. This apartment was built in the early 1980s and has never had any renovations since it was built. Therefore, he is taking a loan to purchase the building materials needed to make renovations to his apartment by himself.

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 Mongolia

  • $5,900
    Average annual income
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Uyen to purchase the building materials needed to make renovations to his apartment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 2, 2011
Dec 15, 2011
Currency Exchange Loss:
Jan 17, 2014