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Mr. Altanzul is 24 years old. He is a young father who lives with his two children and wife in Ulaanbaatar, the capital city of Mongolia. He and his wife both work hard and are busy during the weekdays. Altanzul is a builder and makes home furnaces through the clients' subscription. In 2008, he bought a small piece of land and built a house with questionable building materials from his fence. Now the home needs repairs and renovations, because it is very uncomfortable and built inadequately.

The loan he is taking will be used to purchase building materials and to pay repair costs for his house, in order to have a more comfortable life.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Altanzul to purchase building materials and pay for repairs of his house for a more comfortable life.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 10, 2011
Aug 17, 2011
Currency Exchange Loss:
Aug 15, 2012