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Chalkhaajav has been working as a contract driver with a private company. He has been working as a driver for many years but had an accident with his wife in 2007. Now his wife is on social welfare and always has to be nursed. Chalkhaajav only recently got back to his job just a few months ago. He lives with his wife and his daughter in their small house which is built in the early 1970s.

Lately his house has became very old and damaged in many parts, especially the floor, walls and the roof. Therefore he decided to make renovations to his house in order to live in comfortable living conditions with his family. According to his plan, he will add insulation to the walls and windows before this winter because there is always too much heat-loss by the uninsulated walls and windows. The loan he is requesting will be dedicated to purchasing some necessary building materials to make renovations to 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
  • 1,338.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Chalkhaajav renovate his house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 25, 2011
Dec 2, 2011
Currency Exchange Loss:
Jan 17, 2014