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Mr. Tsagaan, 59 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. His wife leads a construction executive team. His son recently began his career as a teacher at a private university. He has a vast amount of experience, 15 years, in the mining industry and sometimes gives consulting services to mining business entities. Three years ago, he shifted to the agricultural industry and holds the position of vice chairman at a private business entity. In 2001, he began building his two flat mansion and currently completed his first flat.. Due to lack of finances, the second flat and half story are not finished completely. So he is requesting a loan of 6,700,000 MNT to purchase insulation and construction materials at its low price period. As a result, the family can live in a comfortable and warm place because the unfinished second flat repair was the main cause of heat loss. The house was so vulnerable to storms and frost. More importantly, the family will burn less coal due to the insulation and they will contribute to the 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 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
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,850 helped Tsagaan to purchase insulation and construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 15, 2013
Jan 15, 2013
Currency Exchange Loss:
Feb 17, 2015