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Mr. Lutbat, 51, is a taxi driver and has been running his business around the districts of Ulaanbaatar since June of 2011. He lives with his wife and his four children in a common apartment with three rooms in Ulaanbaatar, the capital city of Mongolia. One of his children recently moved out from his parent’s home.

In winter, his apartment becomes cold and hard to keep warm due to the emission through the outdated windows. His children always get sick due to the cold at home. Since his family moved in this apartment many years ago, there has not been any big repair or renovation to it.

In response to this, he wanted to replace his old and bad windows with double-glazed ones. He said that it will be very useful and healthy for his family members.

The loan he is taking will be used to cover the cost of the new double-glazed windows for his family 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,350.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Lutbat to cover the cost of new double-glazed windows for his building a new family house.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Aug 20, 2012
Currency Exchange Loss:
Mar 17, 2014