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Enkhtuvshin
Mr. Enkhtuvshin, 26, operates a grocery store in a boundary district of Ulaanbaatar, the capital city of Mongolia. He lives with his wife and his child in the ger district, an area of nomadic Mongolian traditional yurts and houses. His family owns an old and small house which was built many years ago. Since it was built, there has not been any big repair or renovation to it. First of all, he wants to repair the walls inside and outside, because there is heat loss though the wall in winter. He uses coal in a large amount to heat his home. We know that using the coal is harmful and emits too much toxic smoke to the air. Air pollution has been one of the critical issues in Mongolia for years. Enkhtuvshin will use his loan to buy wall-insulation materials to repair his bad 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
  • $15,364,275
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Enkhtuvshin to buy wall-insulation materials to repair his bad house.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013