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Munkhbat
Mr. Munkhbat, 35, sews goods in a leather factory in Darkhan, the second largest city in Mongolia. He lives with his wife, son and his invalid brother in an old house in the ger district (a ger is a Mongolian traditional nomadic yurt). He bought his house and land plot in 2002 with his savings and support from his relatives. However, it has not had any repairs since the family moved in there.

In winter, they feel very cold and always have illnesses due to the cold, and due to smoke from the coal fire stoves they use to stay warm. Munkhbat knows that using coal fuel is harmful to the health of his family and the environment. So he has decided to repair his house in order to reduce the coal usage for the heating. At first he is planning to insulate the walls and renovate the windows to reduce heat loss. He calculates that it will cost about 1,800,000 Mongolian tugriks (MNT) to buy building materials to repair his house.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,350 helped Munkhbat to buy building materials to repair his house.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 11, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014