Check out other loans that are currently fundraising!
Mr. Altanerdene, 27 years old, lives with his wife, his mother and two children in Ulaanbaatar, capital city of Mongolia. He has been working as a technician in an information and communication enterprise since 2010. His mother is working in a private construction company as a bricklayer.

To raise their living standard, he has begun building his own house which occupies a 40-square-meter area. Just now he has finished the foundation and purchased some materials such as bricks, planks and others. But due to lack of finances, he hasn’t completely bought the construction materials. During wintertime, construction materials get cheaper so he is requesting a loan of 3,000,000 MNT to buy construction materials.

High quality houses such as he is expecting to build reduce the consumption of coal and as a result will reduce air pollution. By finishing his house, he can make a comfortable living environment for his family and can contribute to environmental security.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Altanerdene to buy construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 10, 2012
Currency Exchange Loss:
Dec 17, 2014