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Mr. Javkhaa is 35 years old and lives with his family in their new wooden house in Kherlen, the third largest city in Mongolia. Javkhaa works as a driver at a private mineral company. His wife works a kindergarten teacher. Javkhaa’s son is nine years old and studies at a local secondary school.

This summer, Javkhaa’s family built a house but the interior is not yet finished. So Javkhaa is requesting a loan of 1.000.000 MNT to complete work on the house, using energy-saving materials and installing a low-pressure furnace that releases fewer harmful chemicals into the atmosphere, in order to save the environment. By doing this, he can reduce the heat loss from his home and burn less coal, and his family will live in a comfortable condition.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Javkhaa to complete work on his house, using energy-saving materials and installing a low-pressure furnace that releases fewer harmful chemicals into the atmosphere.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 9, 2012
Nov 27, 2012
Currency Exchange Loss:
Feb 15, 2013