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Mr. Azzaya, 34 years old, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house, on a plot of land. He worked as a serviceman at a building company, for three years. Recently, investment in construction in his area stopped, and it resulted in his loss of his job. Now he works for a transportation entity as a manager, on a three-year contract. His wife has the position of bone settler at a hospital, and she is quite experienced in her profession.

Azzaya is requesting a loan of 5,500,000 MNT, which he will use to purchase building materials, such as planks, bricks, cement and metals. Using these materials, he wants to make an extension to his small, wooden house. As a result, he will be able to create more spacious and comfortable accommodations for his family. The borrower is a very hardworking individual who strives for 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
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,850 helped Azzaya to purchase building materials for adding an extension to his family's small house.
Repayment Term
22 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 3, 2013
Currency Exchange Loss:
Jul 3, 2013