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Algirmaa is 47 and lives with her husband in Ger, a slum district of Ulaanbaatar, the capital city of Mongolia. Her children are grown and live separately. Algirmaa has been running a fruit and vegetable retail business for 12 years. She rents a stall at Tosa fruit and vegetable market and buys her products from wholesalers. Her husband works for Ulaanbaatar city’s public trash collecting company as a controller and earns $210 a month.

They own a small plot of land with an old wooden house on it. The house is very old, and it needs renovation, especially insulation and a new roof. It loses heat very quickly during winter, and leaks during summer rains. A well-insulated house uses about two tons of coal for heating during winter, but Algirmaa’s house uses twice as much coal, and thus it makes twice as much heavy smoke polluting the air. Ulaanbaatar has been nominated by UNDP as the worst capital city regarding air pollution during winter.

Algirmaa is asking for a loan to buy 250 roof tiles, 50 pieces of rock wool insulation for the wall and roof and other necessary tools. The whole project will cost 2,500,000 MNT, but she will cover some costs from her savings. After the completion of the project, the house should become more energy efficient, warm and water tight.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,322.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Algirmaa to buy 250 roof tiles, 50 pieces of rock wool insulation for the wall and roof and other necessary tools.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 11, 2012
Jun 24, 2012
Currency Exchange Loss:
Nov 15, 2012