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Mr. Munkhuu, 55, is an electrician and works in a private company with a low salary. He is widowed and lives with his daughter in the 'ger' district (a kind of slum district) in Ulaanbaatar, the capital city of Mongolia. He owns an old house that was built many years ago. His house has been without any repair and renovation for many years. In winter he pays a lot to buy coal to warm his house because his house has heat loss through the windows, walls, floors, and other parts.

He wants to repair or replace the windows first among his repair plans. It costs a good deal, so he is requesting a loan to cover the cost of new windows and buy some building materials such as foam to make insulation for them. He really hopes that he will pay less for fuel after the repair and it is one of his contributions to the welfare of the environment.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,625 helped Munkhuu to cover the cost of new windows and buy the some building materials such as foam to make insulation for them.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 9, 2012
Jul 19, 2012
Currency Exchange Loss:
Aug 17, 2014