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Mr. Osor, 32 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. From 2002 to 2012, Osor operated a taxi service for local people, and in early 2013, he became employed as a carpenter at a workshop.

The house they live in has deteriorated, and in winter time, they burn a great deal of coal to heat the house. Osor has therefore decided to purchase and install a project heater which is energy efficient and uses less coal for heating. Also, he wants to add insulation to his house because strong winds and storms seep through the walls and roof, chilling them to their cores.

In order to purchase insulation materials and the heater, Osor is requesting a loan of 6000000 MNT. These purchases will allow the family to live in a warm and comfortable home. More importantly, the family will burn less coal, emit less smoke and thus contribute 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 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
  • 1,407.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,275 helped Osor to purchase a heater and insulation materials such as foam and fiberglass.
76% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 18, 2013
Apr 22, 2013
Currency Exchange Loss: