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Myagmarsuren
Myagmarsuren, 41, lives with her husband and three children in the ger district, an area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar, the capital of Mongolia. She leases an apartment with two rooms by the month in the downtown above an internet café.

Her husband makes snuff-boxes at home and sells them to customers and souvenir shops. Myagmarsuren’s family owns a small land plot and a house. She and her husband want to plant some vegetables for their private use and to sell to increase the family income. She is planning to build a greenhouse in her backyard in which to plant vegetables. For this she needs building materials, such as iron pipes, cement and other necessary materials.

Also she has a plan to repair her house walls to insulate them. Her old house has heat loss through the walls and roof.

She is taking a loan to buy the building materials for a greenhouse and to insulate her house walls.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,750 helped Myagmarsuren to buy building materials for a greenhouse and to insulate her house walls.
93% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 21, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014