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Narangarav
Narangarav, 32, is an accountant, and she works in a private company. She is requesting a loan to repair her old house and fence. She lives with her family in the ger district, an area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar, the capital of Mongolia.

Her house is kind of small and suffers heat loss in winter through its walls and door. Therefore she has decided to add an extension to her house with bricks and cement. It will reduce the heat loss, and her house will be warmer. She thinks that it will help cut her coal usage. The loan she is taking will be used to cover the cost of building materials to add an extension and insulation to her small 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
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,025 helped Narangarav to cover the cost of building materials to add an extension and insulation to her small house.
93% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014