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Nasanjargal, 58, is a pensioner and widowed. Before, she worked as a conductor in the bus barn for many years. Now she lives with her 4 children in her small house in the ger (a Mongolian nomadic traditional yurt) district of Ulaanbaatar, the capital city of Mongolia. Her monthly retirement benefit is very low and it does not usually meet her necessities. Most of her children study in college and it is quite expensive. Her house was built in early 1985 and since then it has never been renovated, so she wants to make renovations such as adding wall insulation and other kinds of repairs. She really believes that her house will become warm and more comfortable after the repairs. The loan she is taking will be used to purchase building materials to repair her old house. Her sons and daughters will do the repairs themselves.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Nasanjargal to purchase building materials to repair her old house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 23, 2012
May 8, 2012
Currency Exchange Loss:
Nov 15, 2012