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Mrs. Oyuntuya, 32, lives with her husband and her two younger children in a ger, a Mongolian traditional nomadic tent. She is a tailor and works in the leather clothes factory in Darkhan, the second largest city in Mongolia. She has been doing her job for seven years and her salary does not meet her family's expenses. Her husband, Erdenebat, 32, is a builder and does not earn enough money.

This time she is requesting a loan to cover the cost of new sheep wool felt covering for her old ger. In winter her ger becomes cold because it does not have a good covering. Her two children always have flu due to the cold at home. Her choosen ger cover is made from traditional sheep wool and is insulated with breathable material which holds the warmth for a long time. She knows that with this cover, it will cost less to heat the house with coal in the future. The loan she is taking will be used to cover the cost of purchasing the new ger cover so it stays warm in her house and so as to reduce the smoke to the air from her ger.

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
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Oyuntuya to purchase a new ger cover to keep warm at home and to reduce the smoke in the air from her ger.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 23, 2012
Jul 27, 2012
Currency Exchange Loss:
Aug 17, 2014