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Erdenebayar is 30 years old and lives with his wife and 4-year-old daughter in his wooden house in Erdenet, the third largest city of Mongolia. Since 2004, he has worked as an assistant of drilling machinery in a local mining company. His daughter goes to kindergarten near his home. At the moment his wife doesn’t have a job; she looks after their daughter. In winter, his house loses its heat through the walls and he must burn more charcoal to warm the house.
He thinks burning too much charcoal is not rational by economic and ecologic standards. Therefore, Erdenebayar is requesting a 2,800,000 MNT loan to brick up the walls of his house with brick and fiberglass insulation to prevent the heat loss. He will do this job by himself. By doing this he can create a warm atmosphere for his family by saving his money and 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 Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,382.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Erdenebayar to insulate his house walls in order to save money and the environment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Oct 30, 2012
Currency Exchange Loss:
Dec 15, 2012