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Mr. Boldsaikhan, 30, is a civil servant and lives with his wife and his two daughters in a rental apartment that is in Darkhan, the second-largest city in Mongolia. He has been doing his job for a decade nonstop. One of his biggest wishes is to have his own apartment that is convenient to live in with his family.

Recently, his management campaigned to support their employees to pay for the cost of purchasing a new apartment in the city in part, for the most part of the apartment cost is paid by the state. It is a vital and amazing event to them and their families. Now he needs to pay the remaining part soon. The loan he is taking will be dedicated to cover some costs of his purchasing a new apartment.

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 $1,900 helped Boldsaikhan to cover some costs of purchasing a new apartment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 17, 2012
Feb 27, 2012
Currency Exchange Loss:
Aug 15, 2012