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Mr. Altantulga, 38 years old, lives with his wife and two children in Darkhan, the second largest city of Mongolia. He has been working as a car driver at a steel factory since 2011. His wife sells clothes at a trade center. Their children go to high school. He is requesting a loan of 3,000 USD to dig a well on his land. As a result, he can grow vegetables such as potatoes, cabbages and carrots for domestic use. Also, he will save time and money by getting water from his land.

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 Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Altantulga to dig a well on his land.
29% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 6, 2014
Jun 22, 2014
Currency Exchange Loss: