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Bolormaa, 37, works as a nurse in the medical center. She is unmarried and lives with parents and two brothers in her house which was built many years ago. The house loses heat through the walls and some other parts. In the winter, the family is very cold and uses the coal-fired stove to stay warm. Before the next winter, she wants to repair her house and insulate the walls. It will be very beneficial to reduce her cost of coal purchasing. Also, it will be beneficial to the environment to reduce her coal usage in winter. The loan she is taking will be used to buy the insulation materials such as foam and cement for the walls of her old 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
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Bolormaa to buy the insulation materials such as foam and cement for the walls of her old house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 3, 2012
Sep 20, 2012
Currency Exchange Loss:
Oct 17, 2014