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Mrs. Tsagaantsooj is 57 years old. She lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. Her son Jamyan is 34. He works for a private company. Her husband, Tumur, is 58. He receives a disability allowance and stays at home. Mrs. Tsagaantsooj works at a cashmere factory as a cleaner. She has three more children who live separately with their families. Last year, Mrs. Tsagaantsooj started building a family house. It is 70 percent complete. The house was built with wooden beams. Some of the walls are covered with basalt wool for insulation purposes. Now she needs to buy more building materials to finish the building work by putting insulation under the floor, on the walls, and under the roof. The Mongolian winter is one of the harshest in the world, reaching minus 45 degrees at night. Therefore, houses need to be well insulated. A well-insulated house burns less charcoal, emitting less poisonous smoke into the air. The loan will be used to buy basalt wool, metal sheets, cement, bricks, and other necessary materials to insulate the house well and complete the housing project.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Tsagaantsooj to buy basalt wool, metal sheets, cement, bricks, and other necessary materials to insulate the house well and complete the housing project.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 27, 2011
Apr 29, 2011
Currency Exchange Loss:
Apr 17, 2013