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Ochirkhuyag, 57, runs an intercity passenger transportation business with his minibus. He has been running his business since last year and previously worked as a driver in the company. He lives with his wife and three sons in the ger district, an area with no running water, minimal roads and spotty electricity in Ulaanbaatar, the capital city of Mongolia. Living in the ger is quite difficult and cold in the wintertime. Using coal to get warm in their ger is expensive and pollutes the air. Nowadays, air pollution is the one of the biggest issues in Mongolian cities. This summer he started to build a small family house on his land plot behind his ger. The building has not been completed and he is planning to add insulation to the walls of his new house. But due to a money shortage, he still has not bought the insulation materials. It requires foam, cement and additional materials. The loan he is requesting will be used to buy the insulation materials for his new house walls.

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
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,875 helped Ochirkhuyag to buy insulation materials for his new house walls.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 3, 2012
Aug 14, 2012
Currency Exchange Loss:
Sep 13, 2012