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Mrs. Tsogzolmaa, 26, is unmarried and works as a secretary in a private company. She graduated from college two years ago and now lives with her younger brother in a one-room apartment in Ulaanbaatar, the capital city of Mongolia. The apartment, which was built in 1960, came from their parents.

Lately her apartment has become very old and uncomfortable to live in due to some problems and some damage. Therefore, she decided to renovate her apartment. She needs to insulate the windows of her room, because in winter there is heat loss through the windows. She is planning to do this during her holidays before Christmas day. The loan she is taking will be dedicated to purchasing building materials to renovate her apartment.

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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Tsogzolmaa to purchase building materials to renovate her apartment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 14, 2011
Nov 22, 2011
Currency Exchange Loss:
Nov 15, 2012