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Chinbat
Mr. Chinbat, 26 years old, is an army man, a first-sergeant. For seven years he has been a military man; he joined the army just after he graduated from his high school. Currently he lives with his wife and their two sons in an apartment rented from his work.

Recently he acquired a small land plot in the ger district, an area of Mongolian traditional yurts and houses in Darkhan, the second largest city in Mongolia.

He said it is very important to start his own holdings. Now he is requesting a loan to build a brick fence on his land plot.

Additional Information

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
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Chinbat to build brick fence on his land plot.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013