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Mr. Erdenebat, 35, is a transportation driver and lives with his two children and wife in a ger, a traditional Mongolian nomadic tent, in Kherlen town of Dornod, a province of Mongolia. He has been running a transportation business since 2001 and has gained a lot of experience. With the initial business earnings, he bought a small-sized land and a small, old house. But since past few years, his income has been declining due to fewer job orders.

Last summer, he started to rebuild his old house but couldn't finish due to lack of money to buy the building materials, specifically cement, bricks and iron-pipes. His previous house was very old and absolutely in unlivable condition. Erdenebat is trying to finish rebuilding his house before winter starts and hence is asking for a loan to purchase some building materials.

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 Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,249.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Erdenebat purchase building materials to finish rebuilding his house.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 19, 2011
Sep 16, 2011
Currency Exchange Loss:
May 15, 2012