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Namkhainyambuu
Namkhainyambuu, 33, works as a manager in a private company. He lives with his wife in a common apartment in Ulaanbaatar, the capital city of Mongolia. His family furniture and inventories have not been replaced since he married his wife many years ago. Replacing most of the furniture “will be the big contribution to improve the living condition of my family,” he said. He is taking out a loan to cover the cost of the new furniture for his home.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,900 helped Namkhainyambuu to cover the cost of new furniture for his home.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Expired:
Oct 27, 2012