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Mr. Amgalanbaatar, 29 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi services to local people since 2012. His wife is a saleswoman at a trade center. Their son is three years old and stays in kindergarten. The house his family lives in has been deteriorating over the years, so he is requesting a loan of 2,000,000 MNT to buy building materials such as bricks, cements, planks and fiberglass for house renovation. In winter, his house quickly loses its heat so his family burns lots of coal in order to not to freeze. House renovation will increase the heat-preserving capacity of the house and reduce coal usage, thus contributing to the clean air efforts.

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
  • 1,826.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Amgalanbaatar to buy building materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 27, 2014
Jul 4, 2014
Currency Exchange Loss:
Aug 18, 2015