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Mrs. Mungunchimeg, 26, is a receptionist in a private company. She lives with her husband and daughter in a house in the ger district, which is comprised of traditional Mongolian nomadic yurts and a few houses within the boundary of Ulaanbaatar, the capital city of Mongolia.

Her family recently purchased a house which was built many years ago. Since she bought her house, there have not been any repairs or renovations. Her house loses heat through its thin walls and windows. In winter her daughter usually gets sick due to the chill at home. She uses the coal fired furnace to heat her home inside and it creates too much smoke both inside and outside. Therefore she is keen to make repairs and insulate the walls with bricks and other building materials. The loan she is asking for will be used to buy building materials and cover the cost of workers hired to repair her 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Mungunchimeg to buy building materials and pay for workers to repair her house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 15, 2012
Sep 14, 2012
Currency Exchange Loss:
Sep 17, 2014