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Mr. Gantsooj, 28 years old, lives with his wife and children in Ulaanbaatar, capital city of Mongolia. The family resides on his father’s plot of land. He has been working as a driver for a company president since 2010. His wife has been working as a weaver since 2001 in a private company. His parents take care of their children when they go to their respective work.

Beginning in 2011, Mr. Gantsooj has been building his own house, yet unfinished, only completing the house’s exterior sides. As winter comes to Mongolia, he is in urgent need of a complete and insulated house. So Mr. Gantsooj is requesting the loan of 3,000,000 MNT to buy construction materials for interior repair and insulating materials. As a result, the family can live in a comfortable place and an insulated house will reduce consumption of coal drastically, thus contributing to environmental protection.

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
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,175 helped Gantsooj to buy construction materials.
93% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Dec 18, 2012
Currency Exchange Loss: