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Mrs. Burmaa, age 57, is a woman who is trying to make repairs to her apartment because of the old and dangerous living conditions. She lives with her husband and both are retirees. This borrower has worked as an accountant in a water management company and now she receives a grant amounting to only MNT 270,474 a month. It is not enough to make repairs to her home. Therefore, she is taking a loan to purchase some building materials to repair her apartment. She says ”Thank you so much for supporting me to improve my living conditions.”

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Burmaa to purchase building materials to repair her apartment.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 29, 2011
Jul 25, 2011
Currency Exchange Loss:
Nov 15, 2011