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Oyunbold, 24 years old, is a coach of the fight sport and has a black belt of his sport. He has been teaching for four years, one of the skillful masters in Mongolia.

Currently he does not have his own house. He is living in his brother’s old house with his wife. (He doesn't have a child, but he has a plan to have a baby as soon as possible.)

In the winter, his house becomes cold because of the heat loss through the wall. The house was built with very thin mud walls. Therefore Oyunbold is requesting a loan to add insulation to his house walls. The loan will be used to pay for the building materials to thicken the house walls.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $1,625 helped Oyunbold to pay for building materials to thicken the house walls.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 4, 2012
Currency Exchange Loss:
Oct 4, 2012