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Dorjsuren, 35 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on plot of land. Seven years ago he made some adjustments to his house in order to utilize it as a grocery store. Now his wife runs the grocery store while he sells clothes by renting stall at trade center. He imports all his clothes from a China border city and he himself goes to China.

The house they live in has deteriorated over the years and needs some repair and expansion. So he is requesting a loan of 3000000 MNT to purchase building materials such as planks, cement and bricks. Using these materials, he can repair and expand his house.

The renovated house will enable the family to live in a comfortable and warm place. More importantly, the family will began to reduce coal consumption thus decreasing carbon emission and contributing to the efforts against air pollution. The borrower is 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
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Dorjsuren to purchase building materials such as bricks, planks and cement.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 18, 2013
Apr 20, 2013
Currency Exchange Loss:
Nov 17, 2014