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Narantsetseg
Mrs. Narantsetseg, 49, works as a machinist in one of the biggest copper concentrating factories in Mongolia. For 12 years, she has been doing her work nonstop and is one of the skillful masters in the factory. She lives with her husband and her son, 21, in her house in Erdenet, the third largest city in Mongolia. Recently, she built her house with her husband and son. She is very happy to be finished with building her house. Now she needs to make wall insulation for the roof hollow floor, because there is a heat loss through the ceiling and roof in wintertime. She is planning to completely insulate the roof hollow floor. She is taking a loan to buy the building materials needed to insulate her newly built house.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,400 helped Narantsetseg to buy the building materials needed to insulate her newly built house.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Aug 29, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014