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Mr. Jargalsaikhan, 58 years old, lives with his wife and two daughters in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. He has been rendering taxi service for twenty-three years and has accumulated a vast amount of experience in picking up customers, driving them to their destination quickly and shortening routes. His wife previously worked as a cook at a military base but due to bad health, she quit her job and now stays at home looking after her niece. His two sons both work in Korea on employment contracts. His elder daughter has a position as a nurse at a hospital while his younger daughter works as a program director at a television entity.

Jargalsaikhan is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam. Using those materials, he wants to make an extension and add insulation to his house as his house provides not enough space for the whole family and over the years, the house has deteriorated and in wintertime, it loses heat dramatically. Also, the renovated house will enable the family to burn less coal, emit less smoke and so 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 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
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,900 helped Jargalsaikhan to purchase building and insulation materials.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 3, 2013
Jun 7, 2013
Currency Exchange Loss:
Jul 7, 2013