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Bayartogtokh is 23 years old and lives with his elderly mother and his brother in their small wooden house in Kherlen, the largest city of the eastern province in Mongolia. He works as a guardian at a local company and his brother works as a border guard.

Bayartogtokh's house was built with thin walls. He said that this winter will be colder than previous years and he thought the colder winter would increase heating costs. Before the "cold air chills the chin" and in order to stop the heat loss through the walls, Bayartogtokh is planning to insulate his house walls on both sides by using energy-saving materials like foam, glass wool, and double-glazed windows.

By doing this he can work without worrying about his mother. His elderly mother needs someone who permanently cares for her. Every son loves to take care of his mother and Bayartogtokh is no exception. He said that in the future, if his brother has a family, he will stay with his mother.

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 $725 helped Bayartogtokh to insulate his house walls on both sides, using energy-saving materials like foam, glass wool, and double-glazed windows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 13, 2012
Nov 13, 2012
Currency Exchange Loss:
Nov 17, 2014