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Mrs. Uranchimeg, 34, is a cook. She lives with her family in Ulaanbaatar, the capital city of Mongolia, in the ger district, an area of the city with no running water, minimal roads and spotty electricity. In the winter, her house becomes very cold because it is old and poorly insulated. She uses a coal-fired stove to warm her home, but it does not work well. That is why she wants to install a water hot-water line to her house. It works better and is less harmful than a coal-fired stove. She is requesting this loan to cover the cost of building materials and to hire workers to install the water-heating line to 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Uranchimeg to install a new heating system in her house.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 7, 2012
Sep 20, 2012
Currency Exchange Loss:
Oct 17, 2014