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Tumursukh
Tumursukh is 30 years old, married, and has two children. He lives in Kherlen, the largest city of eastern of Mongolia. He is working in a military unit. His wife is a salesperson in a local company. His family income is not enough to meet his family's expenses. Tumursukh owns a car so he is able to earn additional income by running a taxi business.

Tumursukh is living in his parents' wooden house. He started to build his own wooden house, which he would like to finish before winter. Tumursukh is requesting a loan for 800,000 MNT, which he will use to buy construction materials such as wallpaper. In the future, he would like to buy a plot of land and live alone with his family.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Tumursukh to purchase construction material.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013