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Mr. Baatarkhuu, 29 years old, lives with his wife, three children and mother-in-law in Ulaanbaatar, the capital city of Mongolia. He has been working as a sales manager at a private firm since 2010. His wife and mother-in-law make Mongolian traditional clothes on orders from retailers.

This summer, he began repairing his house, which has deteriorated over the years. He is requesting a loan of 4,800,000 MNT (Mongolian tugriks) to purchase vacuum-insulated windows, hardwood floors, fiberglass, shingles and cement. After the repair, his family will live in a comfortable and warm place where they will burn less coal for heating, thus releasing less pollutants into atmosphere.

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
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Baatarkhuu to purchase vacuum-insulated windows, hardwood floors, fiberglass and cement.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 24, 2013
Currency Exchange Loss:
Mar 17, 2015