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Nomin-Erdene
Mrs. Nomin-Erdene, 34, sells women's clothes out of her rental stall. She has been running her business for 5 years and lives with her family in her old house in the 'ger' district, an area of the city with no running water, minimal roads, spotty electricity and including Mongolian traditional nomadic yurts in Ulaanbaatar, the capital city of Mongolia. She wants to repair her house.

In winter, her house becomes cold and has a heat loss through the some parts of the house. Her house roof is made of lead and it has been bad and old, has a heat loss, emission and water drops. The walls and door have been damaged a lot and became very bad, so she is planning to replace all of them at once. She will do wall insulation with foam, sand and cement and install a new wooden door. Then she will replace the roof with a metal board one.

This all will cost about MNT 3,000,000 in the construction materials market in Mongolia. She totally believes her family can live in comfort and stay warm at home in winter after the repair. She is requesting a loan to buy building materials including metal board roof, a wooden door and wall insulation materials for her house repair.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,337.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Nomin-Erdene to buy building materials including metal board roof, wooden door and wall insulation materials for her house repair.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013