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Amartsengel
Mrs. Amartsengel is 42 years old and lives with her family in Kherlen, the biggest city of the eastern province of Mongolia. She has been working as a bookkeeper in a local private company since 2008, and her husband, Namsrai, has been running a taxi business in his home town. They have two children: a 13 and 10-year-old girl and boy. Before the collapse of the Soviet era, Amartsengel had worked as a tailoress in the local community service center and her husband worked as a border guard. Amartsengel’s family lives in a small wooden house with thin walls, so their house gets even colder in the winter time. As you know, Mongolia is one of the coldest countries in the world and borders with Siberia to the north. Before the winter comes, Amartsengel is requesting a 5,000,000 MNT loan to build a new capacious house with less heat loss. She says that her new house will create a warmer atmosphere and bring happiness to her family every single day.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,575 helped Amartsengel to build a new capacious house with less heat loss.
68% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible