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Mr. Maruush, 54 years old, lives with his wife and children in Erdenet, the third largest city of Mongolia. The family resides in an old house on a plot of land. He has been working as a pump machinist at an engineering company, for over twenty years. His wife is unemployed currently and stays at home. Their children all work and support their family.

Maruush is requesting a loan of 5,000,000 MNT. He will use it to purchase building and insulation materials, such as bricks, planks, cement, fiberglass and foam. Using those materials, he wants to repair and insulate his house, thus creating a comfortable and warm place for his family. The renovated house will enable the family to burn less coal for heating, and consequently, to release fewer pollutants into the air. The burning of coal is the main source of air pollution in Mongolia, according to a state research department.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,647.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,050 helped Maruush to purchase building and insulation materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Sep 12, 2013
Currency Exchange Loss:
Oct 12, 2013