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Sarantuya
Mrs. Sarantuya is 55 years old and lives with her husband in Ulaanbaatar, the capital city of Mongolia. They have three children who are all grown up and live separately with their families. Mrs.Sarantuya works in Children’s Hospital as a cleaner and her husband runs a waste recycling business. Her husband Dagvadorj collects different recyclable materials and gives them to waste recycling factories for a small amount of money. The couple bought a house in 1988. The house is really run down and needs a proper refurbishment now. The loan Mrs.Sarantuya is asking for will be used to buy the necessary building materials such as cement, plaster, wood planks, paint and other materials to renovate the old house.

Additional Information

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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,263.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sarantuya to buy cement, plaster, wood planks, paint and other materials to refurbish her old house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2011
Listed
May 5, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012