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Mr. Togtokh, 41 years old, lives with his family in Erdenet, the third largest city in Mongolia. The family resides in their own house on plot of land. He has been working as a driller at mining company for six years. Before his wife took maternity leave she worked at restaurant.

The house his family lives in has deteriorated over the years and needs some repairs such as changing the roof, installing a vacuum, insulated windows, and insulation. So, he is requesting a loan of 2800000 MNT to purchase shingles, a vacuum, insulated windows, and fiberglass. Using these materials he can renovate his house, thus making his home a more comfortable and warmer place.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,423.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,975 helped Togtokh to purchase shingles, a vacuum, insulated windows, and fiberglass.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 13, 2013
May 17, 2013
Currency Exchange Loss:
Jun 17, 2015