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Mr.Chuluuntogtokh always worries about his family's house which is in bad condition currently. He says the roof is so bad that rain water leaks through. He is a 24-year-old taxi driver. He lives with his wife, 3-year-old son, mother and two brothers. He has been running his taxi business for three years and has a number of loyal customers. He is a self-motivated and hardworking young man.

Mr.Chuluuntogtokh requested a loan to purchase building materials for making repairs to his house to improve conditions for his family.

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
  • 1,257.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Chuluuntogtokh to purchase building materials for repairing his house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 23, 2011
Oct 4, 2011
Currency Exchange Loss:
Aug 15, 2012