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Ariunbold
Ariunbold, 30 years old, lives with his wife and two children in Dornod, an eastern province of Mongolia. Recently, he has begun working as a security guard.

Before this job, he was a herdsman who cared for various domestic animals, such as sheep, goats, and cows in rural areas. His wife has worked in the local television industry and recently has taken her maternity leave.

When the family moved to the center of the province from the rural area, he began to reside in a barn attached to a grocery store. The owner of the barn and grocery store is his casual acquaintance who let them take shelter in his barn. As he began to interact with the owner of grocery store, he began to earn his trust and, as a result, his wife is employed as a saleswoman in the grocery store. Also, the family doesn’t pay a rent fee.

Now, Ariunbold is preparing documents for buying a rightful plot of land from the local authority. He is requesting a loan of MNT 2,000,000 to purchase a traditional, Mongolian ger (portable, felt dwelling). As he secures his land, he and his family can live independently in the traditional, Mongolian ger. Also, a felt-made, Mongolian ger is the best in winter time, when confronting a strong wind and storm. Ariunbold is a very hard-working individual who moved to the center of the province in order to improve his family's living standard.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Ariunbold to purchase a traditional, Mongolian ger (portable felt dwelling).
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Feb 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015