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Altanzaya
Mrs. Altanzaya, 26, is unmarried and sells casual clothes in the shopping center in Ulaanbaatar, the capital city of Mongolia. She lives with her parents and they both are retired. They own an old house and a small plot of land in the ger district, an area of city with no running water, minimal roads and spotty electricity. In the last several years, her house has not had any repairs or renovation and now it has too much heat loss and emissions through the ceiling and roof. It costs too much for smoky coal to warm her home in winter. So, she decided to repair the ceiling and roof. Now she needs a loan to buy building materials to insulate her house to reduce the emissions.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,325.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Altanzaya to buy building materials to insulate her house.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013