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Amgalan is 40 years old. He lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His wife used to work at a banking institution and now stays at home. His daughter and son both study at university. He himself has been working as a Senior Accountant in the television industry since 1997 and has accumulated a vast amount of experience, reaching the level of expert. The family is now renting an apartment which has deteriorated very badly over the years. He is requesting a loan of 5,000,000 MNT to cover the costs of a heating system, vacuum windows, a concave ceiling installation, and an updated bathroom and wallpaper. As a result of this, the family will be able to live in a comfortable and warm place due to the renovations which will also preserve more energy and lose less heat, thereby contributing 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
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,625 helped Amgalan to renovate his deteriorating apartment with a new heating system, vacuum windows, a concave ceiling, an updated bathroom, and new wallpaper.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Feb 7, 2013
Currency Exchange Loss:
Mar 17, 2015