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Tserendolgor
Ms. Tserendolgor, 31, is an accountant with a private company. She is unmarried, and she lives with her sister in a ger, which is a Mongolian traditional nomadic yurt. She lives in Ulaanbaatar, which is the capital city of Mongolia. Her sister works as a janitor at a kindergarten and earns very little money. She will be married soon, so she will need a new house for her family. She started to build her house last spring with the help of some hired builders. Her house is being built with bricks for stability. But suddenly, she has encountered a money shortage to purchase the rest of the building materials. Now, she wants to make the walls' insulation by foam and cement in order to have a warm house and prevent heat loss. In Mongolia, the winter temperatures are frigid, with the average temperature being -35 C minimum. Most Mongolians use coal-burning stoves to just stay warm in their homes. Tserendolgor believes she will probably not use a coal-burning furnace at her new house if she designs her home smartly. Also, she knows that it’s a good idea to save the environment and protect people’s health. The loan she is taking out will be dedicated to buying some wall insulation materials for her house.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    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 Tserendolgor to buy some wall insulation materials for her house.
93% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 9, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014