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Ganbaatar, age 47, became the general manager of a restaurant earlier this year. Previously, he was the manager of a different restaurant. He lives alone in an apartment in Ulaanbaatar, the capital city of Mongolia.

Ganbataar rents out the other rooms of his apartment to students coming to Ulanbataar from the countryside. The rooms have deteriorated over the years and need significant repair. In order to make these repairs, he is requesting a loan in the amount of 4,000,000 MNT. He will use his loan funds to buy hardwood flooring, wallpaper, and fiberglass in order to renovate the rooms.

After renovation, the students who rent from him will live in comfortable and warm lodgings where less energy will be wasted.

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 $2,400 helped Ganbaatar to buy hardwood flooring, fiberglass, and wallpaper for the rooms he rents to students.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Oct 24, 2013
Currency Exchange Loss:
Apr 23, 2014