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Mr. Erdenesaikhan, 48 years old, lives with his wife and four children in Erdenet, the third largest city in Mongolia. They reside in a traditional Mongolian traditional ger (a portable felt dwelling) on a plot of land. He has been driving a bus for a travel agency since 2008. His wife is unemployed, and stays at home looking after their youngest child. Their eldest daughter works for a state bank as a teller. Also one of his sons studies at college, and this year has advanced to second year.

He is requesting a loan of 3,000,000 MNT to buy building materials such as planks, cement, and bricks for building a barn next to his ger. The barn will serve as an extension, as well as protection against blowing wind.

In addition, his family will burn less coal as the ger becomes less vulnerable to heat loss. Burning coal is considered a main source of air pollution, so a decrease in coal usage is beneficial to both the family and the environment.

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
  • $15,445,050
    Funds lent in using Kiva
  • 1,826.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,650 helped Erdenesaikhan to build a barn next to his home.
40% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 27, 2014
Jul 7, 2014
Currency Exchange Loss: