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Mr. Dashtseren, 31, is a carrier and he has been doing his job for a decade nonstop. He lives with his family in the ger district, an area of the city with no running water, minimal roads, and spotty electricity, in Ulaanbaatar, the capital city of Mongolia. His children always get sick in the winter, due to the cold at home. His house was built many years ago, and it has been bad lately. In winter there are emissions from the coal fired stove Dashtseren uses to warm his house. It is harmful to the health of his family members and the environment. For this winter, he wants to install a low pressure furnace in his house, as he hopes it will be economical and healthy for the environment. The loan he is taking out will be used to cover the cost of the low pressure furnace.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Dashtseren to cover the cost of the low pressure furnace.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 19, 2012
Currency Exchange Loss:
Apr 16, 2014