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Mr. Byambajav, 45 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He works as an electrician in a state-owned company and his wife is a cook in private restaurant. Their son has recently begun working in a credit department at private bank and has goal of becoming a credit expert. Their daughter goes to a local secondary school.

As a person who cares about their children’s well-being, Mr. Byambajav is much concerned about the increasing air pollution. Thus he and his family participate in a clean air project which is funded by government and individuals. To implement the project, the household is requesting a 600,000 MNT loan to buy an electric-powered heater. By doing so it will help the local community to reduce the use of coal and contribute to the clean air project.

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 $450 helped Byambajav to buy an electric powered heater.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 6, 2012
Currency Exchange Loss:
Jun 17, 2013