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Mr. Boldbaatar, 37 years old, lives with his family in Ulaanbaatar, capital city of Mongolia. Last year in July, he began building his own house and in October, the family moved to their newly built house. His wife has a position of teacher at high school and recently has taken her maternity leave. He, together with his colleagues, has been making interior decoration work to local customers since 2009.

The family purchases water at a high price due to their house not being connected with the central sewer (water) system and burn lot of coal in order to warm up cold water for shower and consumption. So he is requesting a loan of 6,800,000 MNT to connect his house to the central sewer (water) system. As a result, the family will have access to clean drinking water. More importantly, the family won't need to burn coal in order to warm up cold water thus contributing to the efforts against air pollution and energy efficiency. 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 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
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,875 helped Boldbaatar to connect his house to central sewer (water) system.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 14, 2013
Mar 21, 2013
Currency Exchange Loss:
Apr 17, 2015