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Enkhbayar, 29, lives with his wife and one year old baby in Ulaanbaatar, the capital city of Mongolia. The family resides in a two-room apartment. He has been working as a manager since 2011 and during his day off he renders taxi services to local people using his own automobile. Recently, he has been the only one who is generating family income because his wife is looking after their child at home. The apartment they live in becomes cold during the winter, so he wants to prepare in advance by insulating his walls and installing vacuum insulated windows into the apartment. Therefore, he is requesting a loan of 4200000 MNT. As a result, his family will be able to live in a comfortable and warm place without worrying about his wife and child catching cold. 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
  • 1,487.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,825 helped Enkhbayar to insulate his walls and install vacuum windows.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 2, 2013
Aug 6, 2013
Currency Exchange Loss:
Sep 5, 2013