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Byambajargal is 25 years old, married, and has two children. He lives in Ulaanbaatar, the capital of Mongolia. The family resides in their own house on a plot of land. He is a blue collar worker at a printing company, which he has been doing since 2010. His wife sells children's clothes by renting stall at a trade center near their home.

When Byambajargal was a student at the university, he began building his house and in three years he has finished the outer building and currently needs some interior decoration. He is requesting a loan for 6,000,000 MNT, which he will use to purchase vacuum insulated windows, hardwood floors, iron door, and some insulation materials such as fiberglass, cotton, and gypsum. As a result, he can improve his living condition, reduce his family's use of coal, release less pollutants, and contribute 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
  • 1,434.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,200 helped Byambajargal to purchase vacuum insulated windows, iron door, and hardwood floors.
Repayment Term
39 months (Additional Information)
Repayment Schedule
May 24, 2013
May 30, 2013
Currency Exchange Loss:
Jun 29, 2013