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Mr. Erdenebat, 35 years old, lives with his wife and children in Kherlen, the easternmost town of Mongolia. He has been working as a carpenter at a museum for one year. His wife has been making dresses at a tailoring factory since 2009. Their children go to high school.

The house they live in has been deteriorating over the years so Erdebebat is requesting a loan of 3,500,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam. Using those materials, he will repair and insulate his old house and create a comfortable and warm place for his family. The renovated house will enable the family to burn less coal for heating thus contributing to the efforts against air pollution by releasing fewer pollutants into air. The borrower 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
  • 1,489.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,350 helped Erdenebat to purchase building and insulation materials.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 3, 2013
Aug 5, 2013
Currency Exchange Loss:
Sep 4, 2013