Check out some available loans that are similar to this one!
Altantsetseg, 33, works as a master in the bakery house. She has been doing her job since 1999 nonstop and most of her customers say her baked creations are very delicious. She lives with her husband and her 7-year-old son in her small family house in Darkhan, the second largest city in Mongolia. His husband is an invalid and he receives benefits from the government. In 2007, her family owned their land plot and started building their current house, which is not too spacious. Also, her house becomes cold inside and loses heat through the walls in the winter. So, she decided to insulate the walls and add one more room to her house. Her house will be warm and comfortable after the renovation. The loan she is taking will be used for the wall insulation and house extension.

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
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Altantsetseg to insulate the walls of her house and add a room extension.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 5, 2012
Sep 20, 2012
Currency Exchange Loss:
Oct 17, 2014