Check out other loans that are currently fundraising!
Mr. Khurelkhuyag is 47 years old and lives with his family in Ulaanbaatar which is the capital city of Mongolia. The family resides in their own house on a plot of land. He has been working as an engineer in the dismantling division of a construction business. From December to February, construction work stops which leaves him without a job. The company pays him a very small amount of money. His salary is the only source of family income because his wife is unemployed and stays at home. He has begun building a house with two flats. The new house is conjoined with the small house they live in. Due to a lack of finances, some interior decorations and the heating system isn’t completely finished. He is requesting a loan of 1500000 MNT to purchase construction materials such as gypsum, paint, nails and cement. He would also like to install the heating system. As a result, the family can live in a comfortable and warm place and burn less coal thus contributing to the efforts against air pollution. The borrower is a very hardworking individual who strives for a better future.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,386.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,100 helped Khurelkhuyag to purchase construction materials and install a heating system.
82% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 8, 2013
Currency Exchange Loss: