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Chuluunbaatar is 47 years old. He lives with his wife and daughter in their small and old wooden house in the ger district, an area of the city with no running water, minimal roads, and spotty electricity, in Erdenet the third largest city of Mongolia.

Chuluunbaatar has been working for the Mongolian-Russian Erdenet Mining Corparation since 1999. This corporation is one of the biggest ore mining and processing factories in Asia. Chuluunbaatar is the one who earns income for his family. His daughter is a university student. His house is 24 square meters. Chuluunbaatar is planning to thicken his house walls with materials such as cement, brick, and glass-wool to stop the heat loss through them. So, Chuluunbaatar is requesting 3,000,000 MNT to thicken his house walls.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Chuluunbaatar to thicken his house walls.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 19, 2012
Nov 13, 2012
Currency Exchange Loss:
May 17, 2014