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Mr. Delgertsogt, 38 years-old, lives with his wife and two children in Ulaanbaatar the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on ring fenced land. His wife and mother-in-law have been running a lumber sales business for a long time and have accumulated a vast amount of experience. He himself has been doing interior construction work for eight consecutive years.

Last year he began building a house in order to provide better accommodation for his family because the ger they now live in has deteriorated over the years and uses a lot of coal. Therefore, he is requesting a loan of 2,500,000 MNT in order to purchase building materials such as planks, slate and crossbeams for the house roofing. As a result, the family will be able to live in a warm and comfortable place where they will burn less coal, contributing to the efforts against air pollution. The borrower is a very hardworking 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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Delgertsogt to purchase building materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 25, 2013
Apr 4, 2013
Currency Exchange Loss:
Apr 16, 2014