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Tuvshinbaatar is 39 years old, and he works in the power plant in Darkhan, the second largest city of Mongolia. He has been working since 1994 nonstop and has become one of the skillful specialists at the electric power plant.

He lives with his wife and son in the city. His family owns an old apartment with two rooms. They have been living there since 1994; before that, he used to live with his parents.

Since 1998 he has not made any repairs or renovations to his home, and now it is old and rundown. In winter it becomes too cold to live in because of the heat loss through the door and window of the living room. In response, sometimes he uses a coal stove to heat his home. His son Tuvshinbayar, who is 14, always has a flu and cold every winter.

So he decided to repair his apartment. At first he will enclose the balcony by the installing shelter. He hopes it will reduce the heat loss through the window of the living room and the need to use the toxic coal fuel. He can use his new balcony with the shelter in various ways, such as storing things. Then he is planning to replace the new doors to the rooms to retain heat well.

Now Tuvshinbaatar needs about 4 million MNT to implement his plan for his family’s environmental welfare. The loan he is taking will used to buy building materials to make the shelter on his balcony and replace the old doors at home.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,000 helped Tuvshinbaatar to buy the building materials to repair and weather-proof his home.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Aug 6, 2012
Currency Exchange Loss:
Sep 5, 2012