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Giigekhsaikhan
Giigekhsaikhan, 30, conducts a private enterprise and lives with her family in the ger district, a district of yurts and poor houses in the boundary of Ulaanbaatar, the capital city of Mongolia. She is requesting a loan to make some repairs, including adding internal wall insulation and renew the roof of her house. It has heat loss through its walls, floor, ceiling, and roof in the winter time, so that she needs to make wall insulation with foam, cement and replace the iron boards for her roof. Giigekhsaikhan believes her home will be totally warm and comfortable after the repair and she will not need to use coal to get warm in her house. Also she knows that it is important to reduce the harm to her family's health and environmental from the pollution from the smoke. Her requested loan will be dedicated to cover the cost of building materials needed for her home repairs and wall insulation.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.4
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,625 helped Giigekhsaikhan insulate and repair her home.
64% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible