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Boldbaatar, 27 years old, lives with his wife and son in Ulaanbaatar, Mongolia’s capital city. The family lives in their own house in a fenced yard.

Boldbaatar is a very hardworking individual who is striving for a better future. Since 2009 he has made and sold ore sample containers to mining enterprises. He also coordinates supplies of food and equipment for such businesses.

Over the years the house Boldbaatar and his family live in has deteriorated and needs some serious repairs. So he is applying for a 3,000,000 MNT loan from Credit Mongol to buy insulation and building materials such as fiberglass, foam, cotton, bricks, planks and cement to renovate and insulate his house. His family can then live in a warm and comfortable place.

A house renovated in this way can preserve heat, which will enable the family to burn less coal. This will contribute to Ulaanbaatar’s efforts to combat 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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Boldbaatar to purchase insulation and building materials to repair his family's house.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 28, 2013
Apr 3, 2013
Currency Exchange Loss:
Nov 17, 2013