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Khureltuya is 49 and the father of two children. He and his family live together in a ger (the Mongolian nomadic tent). His son who is aged 18 is a university student and the youngest one attends local secondary school. His wife works at the local kindergarten as an assistant teacher. He bought a minivan and started his transportation business in 2000. His route goes from Ulaanbaatar city to the outskirts of the city. He has gained valuable experience in previous years and has a loyal customer base. He is building a new house on their plot of land and wants to complete the construction work on the house. The loan he is asking for will be used to buy some construction materials for his uncompleted house. He is a very hardworking and reliable person.

Additional Information

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
  • 1,302.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,325 helped Khureltuya to buy construction materials for his uncompleted house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 15, 2010
Oct 21, 2010
Currency Exchange Loss:
May 15, 2012