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Altantsetseg, 51, works as a cook in the cafeteria in Ulaanbaatar, the capital of Mongolia. She has had the job for two years and usually she has a high workload. She lives with her family in her house in the ger district. Mongolian traditional yurts and poor housing are in this boundary district of the city. Lately, her house has worsened with age. Since she bought it, there have not been any major repairs or renovation. Her house loses heat through its thin walls and windows. In the winter, her children usually get sick due to the chilly house. She uses the coal-fired furnace to heat her home inside and it creates too much smoke inside and outside of the house. Therefore, she is eager to make repairs and improve wall insulation with bricks and other building materials. The loan she is asking for will be used to buy the building materials and pay for hired workers 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,175 helped Altantsetseg to buy building materials and hire workers for her house repair.
80% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Sep 24, 2012
Currency Exchange Loss: