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Narantuya
Mrs. Narantuya, forty-six, is a railroader and she has been doing her job for over twenty-seven years nonstop. She lives with her husband and two daughters in their old apartment which is in Kherlen, an eastern city in Mongolia. Her husband is a builder and now he works as a construction decorator in a private company. Their salaries do not usually suffice for the family's necessities.

Recently she bought a small plot of land in the boundary area of Kherlen. Her family is planning to build a ger and fence it in. A ger is a Mongolian traditional nomadic yurt and it is comfortable to live in for small families. But it is quite cold in winter without the additional cover which is the same as wall insulation, and it costs a lot of money for the smoky coal which is used to warm the ger inside. Using the additional ger cover cuts the smoky coal usage notably and it contributes to reducing air pollution in the city. Air pollution and air quality is one of biggest issues in most Mongolian households and big cities. Mrs. Narantuya believes that her plan is environmentally friendly. The loan she is taking will be dedicated to buy the new ger cover and building materials to build the fence around her plot of land.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,225 helped Narantuya to buy a new cover for her ger and building materials to build the fence around her plot of land.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012