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Munkhtur
Mr. Munkhtur, 31 years old, lives with his wife and three children in Dornod, eastern province of Mongolia. The family resides in their own house on a plot of land.

Since 2010, Munkhtur has been running a superstore. Before operating the superstore, he had been transporting livestock, timber, and meats using his truck. Still today, during his free time, he transports the above mentioned items to customers.

Within the vicinity of his superstore, there is no other similar type of business operating, so he has attracted quite a number of stable customers to his superstore. His wife works at a state specialized inspection agency, and his two elder children study at high school.

Last summer, Munkhtur made an extension to the store and didn’t complete its door area, which is the primary source of losing its warmth. As they operate in their superstore day and night, they are in urgent need of insulating the superstore, as it can be considered their second home. So Munkhtur is requesting a loan of 4,800,000 MNT to purchase construction and insulation materials.

As a result, the family can work in a very well-insulated and comfortable superstore, as well as burn less coal, thus contributing to the efforts against air pollution.

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 Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,475 helped Munkhtur to purchase construction and insulation materials to insulate his store.
62% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 3, 2013
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible