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Mr. Erdenebulgan, 42 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. The family resides in a rental apartment. He has been running a cafe since 2003 and in 2008, he began renting his cafe. In 2012, he purchased land and began building a house. He wants to rent out this house's rooms to people who are in urgent need of shelter. The house is almost completed but some interior work is remaining. So he is requesting a loan of 7000000 MNT to purchase building materials such as floor cloth, wallpapers, vacuum insulated windows, and fiberglass.

If he completes and insulates his house, he can begin renting out its rooms and generate more income for his family as his three children are growing bigger each day and their needs are increasing. Also, building a high quality house will enable its renters to burn less coal, emit less smoke and then contribute to the efforts against air pollution. The borrower is a very hard-working individual who wants to improve his family's living standard as well as to create a comfortable living space for his renters.

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
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,900 helped Erdenebulgan to purchase building materials.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Jun 3, 2013
Jun 6, 2013
Currency Exchange Loss:
Oct 17, 2013