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Gantulga
Mr. Gantulga, 40 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on fenced land. His wife has been working as an auditor at a private business entity. He himself has been working as a serviceman for five years.

The house the family lives in has deteriorated over the years and needs some serious repair, so he is requesting a loan of 2,000,000 MNT (Mongolian tugriks) to purchase building and insulation materials such as wallpaper, paints, fiberglass and foams. As a result, the family can live in a comfortable and warm place. More importantly, due to the renovated and insulated house, the family will burn less coal, thus contributing to the efforts against air pollution by emitting less smoke. 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Gantulga to purchase building and insulation materials.
89% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014