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Mr. Erdenebold, 37 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He and his wife are building decorators. Currently, they are working with a construction business entity on a contract of two years. Also, they have livestock in the countryside and add to their assets by purchasing livestock each year. His daughter goes to elementary school. The house they live in needs some outer and interior repair. So he is requesting a loan of 2,000,000 MNT to purchase bricks, roofing material, cement and dry boards. As a result, the family can live in a comfortable and warm place. More importantly in wintertime, the family will burn less coal, thus contributing to the efforts against air pollution. The borrower is a very hardworking and trustworthy individual who deeply cares for his wife and daughter.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,382.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Erdenebold to purchase construction materials such as bricks, roofing materials etc.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Feb 23, 2013
Currency Exchange Loss:
Mar 17, 2015