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Baasannyambuu, 48 years old, lives with his family in Dornod, eastern province of Mongolia. The family resides in a four-walled, traditional Mongolian ger (portable felt dwelling) on a plot of land. His wife works at a construction business in Ulaanbaatar, capital city of Mongolia.

Baasannyambuu has been running a tractor at a military unit in the borderland. During wintertime, running a tractor at the military base is not needed, so Baasannyambuu works as a watchman, instead. He works for two days and takes one day off. During the day off, he renders taxi services to local people, using his own automobile.

The ger they live in has deteriorated over the past years and it is about time the family changed their dwelling. Baasannyambuu is requesting a loan of MNT 1,800,000 to purchase a five-walled, traditional Mongolian ger (portable felt dwelling).

A five-walled, traditional Mongolian ger has more space and is a lot warmer than the four-walled version. As a result, the family can live in a comfortable and warm place. Baasannyambuu is a very hard-working individual who strives for a better future.

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 $1,300 helped Baasannyambuu to purchase a five-walled, traditional Mongolian ger (portable felt dwelling).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 8, 2013
Feb 14, 2013
Currency Exchange Loss:
Mar 17, 2015