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Mr. Enkhbold, 41 years old, is a taxi driver in Ulaanbaatar, the capital city of Mongolia. He has been running this for a year and already has many customers.

He lives with his wife and his son in an old wooden house which was built in the early 1990’s. His family has been living in this house for many years. However it is becoming very old and needs to be renovated urgently. Therefore he is requesting a loan to purchase the necessary building materials to make renovations to his old house. It will be a big improvment to his family’s living condition, he hopes.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Enkhbold to purchase the necessary building materials to make renovations to his old house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Jan 31, 2012
Currency Exchange Loss:
Mar 15, 2013