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Altantuya is 40 years old and a manager in the private company. She is a female head of a household and lives with her three children in her house in the ger district, which is made up of traditional Mongolian nomadic yurts and few houses in boundary of Ulaanbaatar, the capital city of Mongolia.

Her family moved into their current house in 2009; it was built many years ago. Since she bought her house, there have not been any repairs or renovation. Her house has heat loss or emission through its thin walls and windows. In winter her three children usually get sick because it is chilly at home. She uses a coal-fired furnace to heat her home, and it creates too much smoke inside and outside of house.

Therefore she is keen to make repairs and insulate the walls by bricks and such other building materials. The loan she is asking will be used to buy the building materials and cover the cost of hiring workers 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 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,355.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,075 helped Altantuya to buy building materials and cover the cost of hiring workers for house repairs.
Repayment Term
30 months (Additional Information)
Repayment Schedule
Aug 20, 2012
Aug 26, 2012
Currency Exchange Loss:
Sep 25, 2012