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Tumurbat
Tumurbat, age 53, is a military man, and he works as a military commander in Mongolia. He has been doing his job for 15 years nonstop. Currently, he lives with his family in the slum district, sometimes called “ger district,” in Ulaanbaatar, the capital of Mongolia. His family owns an old and small wooden house, and it has too much heat loss through the walls, windows, and other parts. Also, some parts have been damaged due to moisture. In the winter, he spends a lot for coal and other fuels to make his home warm. Thus, he wants to repair his home. It is very important to his family’s natural welfare in the future. He will use this loan to buy the building materials to repair and insulate his old house.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    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 Tumurbat to buy the building materials to repair and insulate his old house.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013