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Mr. Lkhasuren, 37, is a driver for a private company. He has been working as a driver for five years and he is a skillful driver, his co-workers say.

Lkhasuren lives with his family in a "ger", a Mongolian traditional nomadic tent in Ulaanbaatar, the capital city of Mongolia. Lately his "ger" cover is becoming old and is too thin in freezing cold winter weather. Therefore he needs to exchange it for new one. A "ger" cover is a core part of a Mongolian yurt and is made from sheep wool. The loan he is requesting will be dedicated to covering the cost of new "ger" covering to improve his family's living conditions.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Lkhasuren to cover the cost of new "ger" covering.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 18, 2012
Feb 3, 2012
Currency Exchange Loss:
Jul 15, 2012