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Mr. Ulziitogtokh, 39 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. The family resides in an apartment. His wife has been running a beauty salon for ten years and has accumulated a vast amount of experience in this type of business. He himself has worked as a railman at a train station and, in October, 2012, he stopped working and began his taxi service business. Their daughter and son both study at a high quality mathematics school. Three years ago his wife got divorced and married him.

Mr. Ulziitogtokh is requesting a loan of 3,000,000 tugriks to repair his apartment before the Mongolian traditional holiday known as White Moon. The loan will be used to purchase construction materials such glass cotton, paints, emulsion and nails. As a result, the family can greet the most special holiday with a renovated home. Updated and new things are a sign of living well for the incoming year of the White Moon holiday.

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
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,175 helped Ulziitogtokh to purchase construction materials.
89% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Jan 21, 2013
Currency Exchange Loss: