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Gereltsogt
Mr. Gereltsogt, 37, owns a used minivan and runs a passenger transportation business with his wife. He has been operating this business for a decade nonstop and has gained a lot of experience. His business is kind of seasonal and in the summer he usually has a small number of customers. Gereltsogt lives with his wife and his three children in a common apartment in a ger district of Mongolian nomadic yurts in Ulaanbaatar, the capital city of Mongolia.

His living apartment was built in the socialist era and it does not have separate toilet rooms; it only has earth closets on the outside. As we know, this is very harmful and unhealthy for the environment and the health of inhabitants. So, Gereltsogt and his neighbors jointly decided to install a sanitation system including large iron pipes, container, and other building materials used to install the soil sanitation system.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,357.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,225 helped Gereltsogt to install the soil sanitation system.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014