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Mr. Munkhbayar, 45, works as support personnel at a construction company. He has been doing this job since 2007. He lives with his wife and his four children in his small old house, which is in Darkhan, the second largest city in Mongolia.

He bought his plot of the land and house in 2007 and he never made any repairs or renovation to his house. He decided to make repairs to his old house. At first, he planned to insulate the walls of his house because it becomes very cold inside the house without the wall insulation, and it costs too much money for the smoky coal to get the inside of the house warm. Also, it is the worst influence on the air of the city.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters, where temperatures frequently go below -40C (-40F) even in the cities. Also, in summer, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Mr. Munkhbayar is taking will used to buy the building materials to make repairs and to insulate the walls of his house to reduce heat loss and emissions.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,925 helped Munkhbayar to buy the building materials to make repairs and to insulate the walls of his house to reduce heat loss and emissions.
89% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 29, 2012
May 31, 2012
Currency Exchange Loss:
Jul 17, 2014