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Mr. Bolorerdene, 30 years old, lives with his wife and two children in a get (a traditional Mongolian home) in his father-in-law’s fence. He works as a taxi driver in a private taxi enterprise and his wife washes glass containers in a local hospital.

As winter approaches, the couple wants to insulate the walls of their ger. By insulating the walls, the ger will be a warm place for family to live. As a result of insulation, the ger's heat loss will be reduced, and in turn the family will decrease its consumption of coal, contributing to environmental protection. He requests a 1,000,000 MNT loan to buy materials which will be used to insulate the walls of his ger.

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 Bolor-Erdene to insulate his home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 13, 2012
Dec 10, 2012
Currency Exchange Loss:
Dec 17, 2013