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Mr. Ulziibayar, 30 years old, lives with his wife and daughter in Ulaanbaatar, capital city of Mongolia. The family resides in an old house on a plot of land. He has been working as a car driver at a private firm for one year. His wife makes house decorations on contract with entities and individuals. The house they live in has been deteriorating over the years and is threatened by strong storms and snowfall. So he is requesting a loan of 2,500,000 MNT to buy building and insulation materials such as bricks, cements, fiberglass and foam. Using those materials, he will repair and insulate his house, thus creating a comfortable and warm place for his family. Overall advantage of renovation is that the family will no longer require large amounts of coal for heating. Less coal burning means less pollutants in air.

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
  • 1,722.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Ulziibayar to buy building and insulation materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 7, 2013
Currency Exchange Loss:
Jun 26, 2015