Check out some available loans that are similar to this one!
Mr. Ganerdene, 39 years old, lives with his wife and 3 children in the ger district/rural area. Living conditions are quite difficult in Mongolia in Ulaanbaatar, the capital city of Mongolia.

His income source is transportation services, and the payment is varied according to the length of road and environment.

As winter comes to Mongolia, there is an urgent need for a warm house. His house has two rooms, which is very confining for 5 people to live. He decided to add one more room. However, he hasn’t finished his housing addition because he lacks financing.

He is requesting a loan of 3000000 MNT; this loan will enable him to live in a comfortable house with his family. He will then be able to work enthusiastically without worrying about the well being of his family members.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Ganerdene to finish the room addition to his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 9, 2012
Dec 4, 2012
Currency Exchange Loss:
Jun 17, 2014