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Oyunbaatar is 23 years old and lives with his sister and brother-in-law in a rented one-room apartment in Ulaanbaatar, the capital city of Mongolia. Since 2010, he has been working as a petroleum tank truck driver for a fuel company. His sister is a student and will finish her university studies in the coming spring. His brother-in-law works as an assistant worker in a chain store. Oyunbaatar and his family have been renting their apartment for the last three years. In August of this year, they decided to buy a plot of land in a boundary area of the city and to build a 64-square-meter house with less energy consumption compared to usual wooden houses. The house-building process is going as well as planned. Now, they have laid the foundation and bricked up the two-side wall of the house with block. Adding the roof, completing the walls, and decorating the interior still need to be done. Oyunbaatar is asking for a 5,000,000 MNT loan to complete his house and install an electric floor heater in order to reduce coal usage. By doing this he and his family will live in their own house and contribute their efforts to save the environment.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,384.2
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,625 helped Oyunbaatar to complete his house and install an electric floor heater.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 29, 2012
Currency Exchange Loss:
Nov 28, 2012