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Munkhtulga
Mr. Munkhtulga, 42 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land.

He has been working as a welder at a building company since 2010. His wife is currently unemployed and stays at home. His daughter goes to high school and his son studies at eleventh grade of high school.

Munkhtulga is requesting a loan of MNT 1,000,000 to purchase building materials, such as bricks, planks, and cement. Using these materials, he wants to repair his house and the fences surrounding his land. As a result, his family will reduce their coal consumption, thus contributing to the efforts against air pollution by releasing less pollutants.

The borrower is a very hard-working 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
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $700 helped Munkhtulga to purchase building materials, such as bricks, planks, and cement.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014