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Mr. Erdenechuluun, 66 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia.

He has been running a taxi service for local people since 2012. His wife has retired from work and gets a state pension.

They live in an old house which has been deteriorating over the years. He is requesting a loan of 3,000,000 MNT to buy vacuum-insulated windows, hardwood floors, and fiberglass for house renovations.

After the renovation, he and his wife will live in a comfortable and warm place where less coal is burned, and then, less pollutants are released into the air.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,808.3
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,675 helped Erdenechuluun to buy vacuum-insulated windows, hardwood floors, and fiberglass.
44% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 29, 2014
Jun 4, 2014
Currency Exchange Loss: