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Mr. Yondonsharav is 44 years old and lives with his wife and son in a house the family owns in Ulaanbaatar, the capital city of Mongolia. He has worked as a tractor driver at a heat and power station for the last six years. His wife and son are employed and earn monthly salaries. The house they live in has poorly-constructed walls and windows through which winds and storms seep and chill the family to down to their bones. He is requesting a loan for 7,000,000 MNT to buy a low-pressure heater and building materials such as planks, bricks and cement which he will use to build an extension to his house that will alleviate heat loss and preserve energy. The low-pressure heater will also reduce their consumption of coal and result in less pollutants released into atmosphere. The borrower is 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
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,925 helped Yondonsharav to buy a heater and building materials.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 11, 2013
Jun 14, 2013
Currency Exchange Loss:
Jul 14, 2013