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Mr.Uuganbayar is 31 years-old and lives with his wife and two sons in Ulaanbaatar, the capital city of Mongolia. His wife looks after the kids at the moment. They live in their family house in a suburb of Ulaanbaatar.

Uuganbayar has been working for a power grid servicing company as an electrician for six years. He is a hardworking and self motivated person. Recently, he has been appointed as a team leader and had a pay raise.

Two years ago, Uuganbayar built a family house but some parts of the house have not been completed yet due to a lack of funds. Now he wants to complete the unfinished parts of the house by taking a loan. The pay raise has increased his repayment capability and gives him a chance to complete his mission. The loan will be used to buy the necessary building materials and to complete the building project which he started two years ago.

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
  • 1,215.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Uuganbayar to buy building materials necessary to complete the family house project which he started two years ago.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 11, 2011
May 19, 2011
Currency Exchange Loss:
Jun 15, 2012