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Mrs. Munkhzaya, 29, works as a sales manager in a company that produces vacuum-insulated windows. She has been doing her job for three years and lives with her daughter and her parents in Ulaanbaatar, the capital city of Mongolia. They own an old house which was built a long time ago. Now it has became old and cold to live in winter. Therefore, she decided to make some urgent renovations to her old house in order to prevent the house from negatively impacting the health of her family members. She will make the repairs in the spring. The loan she is taking out will be used to purchase the building materials to make the renovations to her 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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Munkhzaya to purchase the building materials to renovate her old house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 24, 2012
Feb 3, 2012
Currency Exchange Loss:
Mar 15, 2013