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Mr. Jargalsaikhan, 48 years old, lives with his mother and sister in Ulaanbaatar, the capital city of Mongolia. He is divorced from his wife and they have three children all of whom now live with their mother. His sister has a position as a sewer at a weaving factory. His mother, 67 years old, is retired from work. He himself has been working as a heavy truck driver at a private company.

During winter in Mongolia, it becomes dark early. He and his sister come home from work very late and their mother stays all day alone. So they decided to strengthen the fences and the house they live in order to take all possible precautions that no possible attack or misfortune may fall on their mother.

To strengthen the fences and house, he is requesting a loan of 4,000,000 MNT to purchase construction materials such as iron, planks and nails. As a result, the borrower and his sister can work enthusiastically without worrying about their mother’s well-being.

Additional Information

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
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Jargalsaikhan to purchase construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 3, 2013
Jan 8, 2013
Currency Exchange Loss:
Feb 17, 2015