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Boldbaatar is 45 years old and lives with his wife in their 3-room apartment in Darkhan, the second largest city of Mongolia. He has worked in a steel factory in Darkhan for 9 years. He has 2 daughters who study at the university. His wife works as a cashier in the Central Post office. Their apartment is old -- it was built in the Soviet era and needs some repairs. His daughters' education is very important to him. That’s why he paid all of his saved money for their university tuition.

He also wants to live in a comfortable apartment. He needs to improve his living conditions. He is asking for a 5.000.000 MNT loan to set a parquet floor, double-glazed windows and to change the wallpaper.

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
  • 1,397.4
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,600 helped Boldbaatar to set a parquet floor and double-glazed windows and to replace the wallpaper in his apartment.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 11, 2012
Nov 8, 2012
Currency Exchange Loss:
Dec 8, 2012