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Ulziijargal
Mr. Ulziijargal, 55 years old, lives with his wife and son in Darkhan, the second largest city in Mongolia. The family resides in their own house on a plot of land. His remaining children all got married and live separately from their parents. He has been working as a watchman at a private business entity for three years. Before this job in 2000, he started rendering taxi services to the local people and accumulated vast amounts of experience in picking up customers, driving them quickly to their destination and shortening roads. His wife has a disability and gets disability pension from the state. His elder son transports goods between districts.

The house they live in has deteriorated over the years and needs some serious repair. So he is requesting a loan of 2,000,000 MNT to purchase building materials such as bricks, cement, planks, fiberglass and foam. Using these materials he can repair and insulate his old wooden house. As a result, the renovated house will enable the family to burn less coal, emit less smoke and 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 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,424.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Ulziijargal to purchase building materials.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015