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Mr. Munkhtulga, 40, works as a service man in a private company. He lives with his wife and his daughter in an apartment which is in a suburban district of Ulaanbaatar, the capital city of Mongolia.

Munkhtulga owns an old Japanese car and he does not have a garage for his car. So his car always is parked outside during the year. But this influences his car and its parts badly. Therefore he decided to build a garage near his home by himself. The loan he is taking will be dedicated to purchasing the necessary building materials to build his new garage.

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
  • 1,410.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Munkhtulga to purchase some necessary building materials to build his new garage.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Jan 29, 2012
Currency Exchange Loss:
Jan 15, 2013