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Mr. Damiran, 51 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. He has been working with several business entities on contract for ten years. His main job is to do any repair work, housing work and interior and exterior decoration for contract entities. His younger daughter sells clothes and goods imported from China to local people.

Since 2006, he has been building his own house, and 90 percent of the construction work is now completed. Due to finances, he hasn’t finished the interior work, and now wants to finish it as soon as possible. So, he is requesting a loan of 6500000 MNT to purchase construction and insulation materials such as cement, gypsum and glass cotton.

As a result, the family will be able to live in a comfortable and warm place due to an insulated and completed house. More importantly, the house will reduce coal usage drastically, which will contribute greatly to the environmental protection cause.

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
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,725 helped Damiran to purchase construction and insulation materials.
81% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Jan 30, 2013
Currency Exchange Loss: