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Odtuya
Odtuya, 54, works as a driver in the mining site. For many years, he has been working as a miner in a province far away from his home. He lives with his wife, his daughter, and son-in-law on his plot the land, which is in the ger district (ger is a Mongolian traditional nomadic tent) of Ulaanbaatar, the capital city.

Since last year, he has been building a new small house on his plot of land, behind the old one. But he lacked some money to buy the roof flat boards. He also has a plan of adding insulation to the walls. As he said, it is very important and beneficial to cut the smoky coal usage in the winter time. It is also a good contribution to reducing the air pollution around the city.

The loan Odtuya is taking will be dedicated to purchasing the building materials to build a new good house on his plot of land.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Odtuya to purchase the building materials to build a new good house on his plot of land.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013