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Nandintsetseg
Mrs. Nandintsetseg, 31, is a secondary school teacher in Darkhan, the second largest city in Mongolia. She has been teaching in the school for five years and lives with her family in a common apartment. Nandintsetseg wants to make renovations to the apartment because it is old and needs window insulation. During the winter time there is too much heat loss through the broken windows. Therefore she is requesting a loan to purchase the building materials to make repairs.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,412.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Nandintsetseg to purchase building materials to make some repairs to her apartment.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012