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Jargal
Mrs. Jargal, 57 is a widow and a senior builder of military construction. She lives with her 3 sons in her own apartment which is provided by her work.
For 13 years, she has been working as a builder and was promoted by government decision a number of times. She is retiring this year and wants to have comfortable and carefree living conditions. However, her apartment has become uncomfortable to live in since it is old and cold.
She decided to make a complete renovation of her home with her sons. She especially needs to change the windows with new ones and install a furnace for heating. Therefore, she is taking a loan to purchase some building materials and a new furnace to make renovations in her home.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,249.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Jargal to purchase some building materials and a new furnace to make renovations in her home.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012