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Mungunkhuyag
Mr. Mungunkhuyag, 37 years old, lives with his wife, daughter and two sons in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He has been working as an auditor at a general aviation business for 17 consecutive years and is considered by his fellows as an experienced and skilled staff member.

The house the family lives in has deteriorated through the years and it needs some serious repairs. Mungunkhuyag is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam. Using these materials, he can repair and insulate his brick house and create comfortable and warm accommodations for his family.

The renovated house also will enable the family to reduce its coal consumption greatly, thus contributing to the effort to reduce air pollution by releasing less pollutants. Mungunkhuyag is a very hardworking individual who deeply cares for his family members.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,900 helped Mungunkhuyag to purchase building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 7, 2013