Check out some available loans that are similar to this one!
Byambajav, 39 years old, lives with his wife and children in Kherlen, the easternmost city of Mongolia. His family resides in their own house on a plot of land. Byambajav has been working as a road patrol since 2006. His wife provides a taxi service as well as breeding chickens. Byambajav is requesting a loan of 3,000,000 MNT to cover the cost of digging a well and building a greenhouse. The well and greenhouse will enable the family to grow their own vegetables instead of buying them from the marketplace. More importantly, plants convert carbon dioxide into oxygen through a process called photosynthesis. The borrower is a very hardworking individual who strives to improve his family's life.

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 Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,420.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,125 helped Byambajav to dig a well and build a greenhouse.
69% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 11, 2013
Jun 16, 2013
Currency Exchange Loss: