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Taivanjargal
Mr. Taivanjargal, 36, is a taxi driver and has been running his business for six continuous years. He lives with his old father, his wife and his daughter in his father’s old house, which is in the slum district of Ulaanbaatar, the capital city of Mongolia. His daily income usually does not meet his family's expenses.

Taivanjargal wants to renovate his old house, which was built in the early 1960s. It is broken and has been becoming old for years, especially its most core parts such as the roof, walls, floor and the wall insulation, which became bad and was removed. Therefore, he deiced to take a loan to purchase some building materials to renovate his old house. He thinks that after renovation, the house should become well-insulated from the cold weather, and coal usage and emission of smoke will be much reduced; then, it will reduce air pollution around the city, too.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Taivanjargal to purchase some building materials to renovate his old house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2012
Listed
Feb 21, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013