Check out some available loans that are similar to this one!
Mrs. Bum-Ayush is 38 years old and lives with her husband and three children in her old house, which has thin wooden walls, in Ulaanbaatar, the capital of Mongolia. She works as a vendor in the largest informal market in the city, usually selling sports boots. She has been renting a counter there for three years. Before entering this business, she was a seamstress.
Her husband is a taxi driver, and his working days begin at six o’clock in the morning, when he takes his wife and children to their schools and the market. Bum-Ayush told us that standing at the counter is hard work for a woman, especially in the winter, but it is more profitable than her previous job. Every month she needs to go to the closest border with China, about two days away by train, to buy goods. Her old house is in incredibly bad condition. Every winter, she must burn 10 tons of coal to stay warm, while other families use only 2-4 tons. Burning more coal burning releases more harmful gas and dust into the atmosphere. Bum-Ayush, like every mother, loves her children, so she is planning to thicken her house walls, using materials such as cement, bricks, and glass-wool insulation, in order to stop the heat loss through the walls. So, Bum-Ayush is requesting 5,000,000 MNT to thicken her house walls.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,370.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,650 helped Bum-Ayush to thicken the walls of her house, using materials such as cement, brick, and glass-wool insulation, in order to lower the family's consumption of coal.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 22, 2012
Currency Exchange Loss:
Oct 17, 2014