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Mr. Munkh-Erdene, 33 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been working as a coal transporter for eight consecutive years and, especially in summer, he travels far away to transport goods between Ulaanbaatar and Erlian, a border city with China.

While his family has income sources, his sister is unemployed and lives in a house without a heating system. So he has decided to install a heating system in his sister’s old wooden house as preparation for the harsh winter period. Also, his sister wants to make her house into a food store as an income source.

Munkh-Erdene is requesting a loan of 6,500,000 MNT to buy insulating materials as well as a heating system. As a result, the house will get warm and it will consume less coal; in return it will greatly contribute to efforts against air pollution.

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 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 $4,675 helped Munkh-Erdene to buy a heating system for his sister.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 6, 2012
Currency Exchange Loss:
Dec 17, 2014