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Yesengeld, a humble and hardworking 43-year-old who loves his job and family, lives with his family in a ger, a traditional Mongolian yurt, in Erdenet, Mongolia's third largest city. His family consists of his wife and three children who are 12, 7 and 5 years of age and in school. Yesengeld has been working as a carpenter at a local mining company for six years, while his wife looks after their youngest son.

As the children grow, their ger is becoming too small for the family, so Yesengeld is building a new spacious house that will incorporate energy-saving materials to ensure warmth. They have already built the walls and roof, and only the interior/exterior decorations and wall insulation await completion. The loan Yesengeld is requesting will be used to complete his house. His family is impatiently awaiting the day they can move into it.

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 Yessengeld to complete his house by purchasing energy-saving materials.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Oct 16, 2012
Nov 16, 2012
Currency Exchange Loss:
Jul 17, 2013