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Oyunsukh
Mrs. Oyunsukh is 45 years old and she lives in Ulaanbaatar, the capital of Mongolia with her family. She works as an operator at a company and has been at her job for many years. Her monthly salary is not so high and it does not usually allow her to meet the family necessities. Her family lives in the ger district (a ger is a Mongolian traditional nomadic yurt) and they own one small brick house. It was built earlier and this year she made renovations to her house such as wall insulation due to the heat loss through its walls, roof, and floor. Now she is planning to extend her house with a second floor. She thinks it will reduce heat loss much more and her family can live in a comfortable and spacious home. She will also replace the floor with a new wooden one. The loan she is taking out will be used to cover the cost of the building materials for her house extension to reduce heat loss and make it more spacious.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,625 helped Oyunsukh to cover the cost of the building materials for her house extension to reduce heat loss and to make it more spacious.
95% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014