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Ariunjargal
Mr. Ariunjargal, 30 years old, lives with his wife and daughter in Darkhan, the second largest city in Mongolia. The family resides in their own house on a plot of land.

Since 2006, he has been rendering a taxi service to local people. His wife teaches at a private university and recently began her doctorate degree. Their daughter, 5 years old, goes to elementary school and is currently in 1st grade.

As winter comes to Mongolia, the family is in urgent need of house improvements including interior repair and building a new hearth. So, he is requesting a loan of 1,200,000 MNT to buy construction materials and bricks, which will be used for building a new hearth. As a result, their little girl can live in a comfortable place and the new hearth will heat the house to its fullest.

Additional Information

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $875 helped Ariunjargal to purchase construction materials for interior house repair and building a new hearth.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013