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Oyunchimeg
Oyunchimeg, 52, is a cook in a restaurant in Ulaanbaatar, the capital city of Mongolia. She has been doing her job for 11 years nonstop. She lives with her family in the ger district of Mongolian nomadic yurts and houses in the boundary of Ulaanbaatar, the capital city of Mongolia. She wanted to repair her house. In winter, her house becomes cold and has a heat loss through some parts of the house. The walls and door have been damaged too much and became very bad. She is planning to make the wall insulation by foam, sand and cement and replace the new wooden door. She totally believes that her family can live in comfort and stay warm at home in winter after the repair. She is requesting a loan to buy the building materials including metal board roof, wooden door and wall insulation materials for her house repair.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,372,575
    Funds lent in using Kiva
  • 1,387.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,625 helped Oyunchimeg to buy the building materials including metal board roof, wooden door and wall insulation materials for her house repair.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013