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Mr. Ganbaatar is 53 years old and lives with his wife in their wooden house in Darkhan, the second largest city in Mongolia. They have two daughters who live on the other side of Darkhan. He has a job in a steel factory in Darkhan. His wife is pensioner.

Their wooden house is small and old. Before the winter comes, they need to repair their house. Otherwise, they need to use more coal to stay warm. This is the explanation of why Mongolia is one of the worst countries for air pollution.

Mr. Ganbaatar said that they need to consume 10 tons of coal to overcome the cold days of the winter. That means the same amount of carbon dioxide will be emitted into the environment. So he is requesting 2,000,000 MNT to buy construction materials such as glass-wool, bricks, cement, paint, and windows.

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
  • 1,382.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Ganbaatar to buy construction materials, such as glass-wool, bricks, cement, paint, and windows.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Oct 30, 2012
Currency Exchange Loss:
Nov 17, 2013