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Mr. Amangeldy, 31, is a plumber in a private company in Darkhan, the second largest city in Mongolia. He has been doing this job for a half year.

His family lives in an old wooden house which was built early. But in the last several years, it has been becoming old and notably bad to live in. Its internal decoration is in especially bad condition.

Therefore he decided to make renovations to his old house. Now he needs some money to have the necessary building materials for the internal decoration job. The loan he is taking will be dedicated to purchase the building materials for his house renovation.

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
  • 1,325.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,275 helped Amangeldy to purchase the building materials for his house renovation.
100% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
Feb 13, 2012
Feb 20, 2012
Currency Exchange Loss:
May 17, 2014