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Mr. Nyamlkhagva, 43 is a skilful, experienced railroader. Since 1991 he has been working as a railway man, but his monthly salary does not usually meet with his family's necessities. However he enjoys his job and his duties. He lives with his wife, 41, and his daughter in his old house which is located in the slum district in Darkhan, the second largest city in Mongolia.

Since his house was built, it has not been renovated. Every winter his family faces one big problem, that is of heat loss trough the wall and floor since the house is so old and not updated. It is detrimental to his family, harmful to their health and costly due to the fuel expenses. Therefore he has decided to insulate his house wall. Insulating the house needs foam, cement and other building materials.

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 winter, 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 a lot 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, improve heating systems and buy cars that run on the natural gas. The loan he is taking will be used to buy insulation materials to insulate his house walls to prevent heat loss.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Nyamlkhagva to buy some insulation materials to insulate his house walls.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 6, 2012
Jul 19, 2012
Currency Exchange Loss:
Sep 15, 2012