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Mr. Bayaraa, 35, is an electrician in the power plant in Darkhan, the second largest city in Mongolia. His salary is not so high and it does not usually meet his family's needs. He lives with his wife and his two children in their old house. His wife is a pharmacist, but she still has not been employed and she runs a taxi business to increase the family's income.

His house was built in the early 1990s and since then it has never been renovated or had any repairs. Due to this, it is becoming difficult and uncomfortable to live in their old, bad house. Especially in winter, his house becomes very cold due to the heat loss through the windows and walls. So he decided to make necessary repairs to his house. To start with, he is planning to put in wall and window insulation. He hopes it will be very helpful to reduce the smoky coal usage and the related excessive fuel cost.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40 ºC (-40 ºF), even in the cities. Also, in summer, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems. Credit Mongol believes that together, we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Mr. Bayaraa is taking will be dedicated to buying building materials to make the repairs and to insulate the walls of his old apartment rooms to reduce heat loss and emissions.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Bayaraa to buy building materials to make repairs and to insulate the walls of his old apartment rooms to reduce heat loss and emissions.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 13, 2012
Jun 22, 2012
Currency Exchange Loss:
Sep 15, 2012