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Mr. Ganbat, 54, is a railwayman. He has been doing his job for 38 years non-stop and lives with his wife and 2 sons in Kherlen, a western boundary town in Mongolia. His family owns an old house which was built in the early 1980s. Lately his house has become very old and is damaged in many places. Generally, since it was built, no repairs or renovations have been made to it.

According his plan, he will make repairs to the inside of the house before next spring. Therefore, Ganbat is taking a loan to purchase some necessary building materials to renovate his old 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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Ganbat to purchase some necessary building materials to renovate his old house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 11, 2011
Nov 22, 2011
Currency Exchange Loss:
Jun 15, 2012