Check out some available loans that are similar to this one!
Gantsooj, 32, is a gas fitter and he has been doing this job for four years. He lives with his two children and his wife in a ger, a traditional Mongolian nomadic tent, in Darkhan, the second largest city in Mongolia. His wife is a nurse and currently she is in maternity leave.

Gantsooj has been building a new small house inside his fence. He should be finished before the this winter begins, because Mongolian winter is freezing cold and the ger has no insulation in the walls.

Therefore he is taking a loan to finish building his house and will dedicate his loan to purchase the building materials needed to finish the house.

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
  • 1,250.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Gantsooj to purchase the building materials needed to finish building the house.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 12, 2011
Sep 23, 2011
Currency Exchange Loss:
Mar 15, 2012