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Buyanjargal, 34, is a mechanic and he works in the mining company in Mongolia. Since 2009 he has been doing his job and initially he started his career as a repairman. He lives with his wife and his daughter in the ger district, where there are Mongolian traditional yurts and houses in the boundary of the city. He is asking for a loan to make some repairs to his old and bad house. At first he is planning to rebuild his coal-fired furnace which suffers from too much smoke in the air. Then he will add wall insulation to his thin walls which have a heat loss in winter time. He thinks that his home will be warmer and more comfortable after the repairs.

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
  • $15,448,550
    Funds lent in using Kiva
  • 1,387.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,625 helped Buyanjargal to make some repairs to his old and bad house.
100% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Sep 26, 2012
Currency Exchange Loss:
Mar 17, 2015