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Mr. Munkhsaruul, 30 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family is currently residing in a Mongolian traditional ger (portable felt dwelling) on a plot of land. He has been running an automobile repair shop since 2008. This spring, he began building a new house on his old house's foundation in order to make an extension and increase the quality of his house.

For this cause, he is requesting a loan of 2,000,000 MNT to purchase planks, cements, bricks, shingles and windows. As his children are growing bigger and bigger each passing day, it is reasonable to make an extension to his house. Also, the renovated house will contribute to the efforts against air pollution by releasing fewer pollutants into the air, due to a reduction in coal consumption enabled by the renovated house. Munkhsaruul 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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,487.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $1,350 helped Munkhsaruul to purchase building materials.
Repayment Term
22 months (Additional Information)
Repayment Schedule
Jul 4, 2013
Aug 7, 2013
Currency Exchange Loss:
Sep 6, 2013