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Saruul, 25, lives with his family in a ger, a traditional Mongolian yurt, in Ulaanbaatar, the capital of Mongolia. His home is located in the boundary area of the city with no running water, minimal roads and spotty electricity. He has been living with his wife for 6 years and they have a two children, three and five years old, who go to the kindergarten. Since 2007, Saruul has worked as a marketing manager at a private television company. His wife started working as an accountant in a media-related company in April 2012.

In 2008, Saruul started building 70 square meter wooden house. He says that he has been building this house by only his family income; he doesn’t take any donations from either side of the family, parents or relatives, as would be usual in Mongolia. As a responsible young man who takes care of the environment and other’s health, he is using railway sleeper in order to make the warm house and to cut the usage of charcoal. Before the New Year, he plans to celebrate a wedding, so he is taking out the loan to complete his house to better accommodate guests. By doing this Saruul can build an energy saving house with less initial heat loss. Smoke from the charcoal burning stoves generates harmful chemicals and dust to the atmosphere. The Mongolian government is taking hierarchical steps to stop charcoal burning or at least minimize use to proper amounts, but charcoal is becoming the widespread fuel in use due to its cheap price.

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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,675 helped Saruul to complete his house using energy saving materials.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Oct 8, 2012
Nov 9, 2012
Currency Exchange Loss:
Mar 17, 2014