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Mr. Sergelenbaatar, 53 years old, lives with his wife and children in Erdenet, the third largest city in Mongolia. The family resides in their own house on a plot of land. He has been working as an electrician since 1980 and accumulated a vast amount of experience. His wife has the position of supervisor at a private business entity, and before this job she used to run a hock shop.

The house they live in has been deteriorating over the years and needs some serious repair. So Sergelenbaatar is requesting a loan of 1,000,000 MNT to purchase building and insulation materials such as cement, planks, fiberglass and foam. Using those materials, he can repair and insulate his old house. As a result, the family will reduce its coal consumption, thus releasing fewer pollutants which will contribute to the efforts against air pollution. He 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
  • 1,425.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Sergelenbaatar to purchase building and insulation materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jun 11, 2013
Currency Exchange Loss:
Jun 17, 2014