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Enkhbold
Mr. Enkhbold, 28 years-old, lives with his family in Darkhan, the second largest city in Mongolia. The family resides in their own house on a plot of land. In 2004, he worked as a driver for a private business entity and in 2005, he went to Korea on a three year employment contract. After his return, he began working as a taxi driver at another private business. His wife used to work as a saleswoman at a store and recently went on maternity leave. The house they live in has deteriorated over the years and needs some serious repair. He is requesting a loan of 1,500,000 MNT in order to purchase insulation and building materials such as fiber glass, foam, bricks and plants. As a result, the family will live in more comfortable and warm place. The renovated house will not allow heat loss and enable the family to 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,389.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Enkhbold to purchase building and insulation materials such as fiber glass, foam and planks.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014