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Enkhbold is 49 years old and lives with his son, sibling, and half nephew in a small house in Ulaanbaatar, the capital city of Mongolia.

He has been working as a watchman at a high school for nine years, working one full day and resting for two full days. During his rest days, he offers taxi services to local people.

The house they live in has been deteriorating over the years and needs some major repairs. Enkhbold is requesting a loan of 5,000,000 MNT to purchase building and insulation materials such as bricks, planks, cement, fiberglass, and foam, as well as a low pressure heater. Using these materials, he will repair and insulate his house, providing better accommodations for his family members.

Finally, installing a low pressure heater will reduce the family's coal usage, decreasing the amount of carbon dioxide and contributing to the efforts against air pollution. Enkhbold is a very hardworking individual who strives for 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
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,575 helped Enkhbold to purchase building and insulation materials and a low pressure heater.
72% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Apr 18, 2013
Apr 27, 2013
Currency Exchange Loss: