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Mrs. Altantuya, 38 years old, lives with her family. She has three daugthers ages 14, 11 and 9, who are studying in a secondary school. They live in their own wooden house in Kherlen, the largest city of eastern Mongolia.

Altantuya is a cleaner in the hotel. Her husband is an invalid, but he is running a taxi business to increase the family income. They built their house by themselves. This old house is in incredibly bad condition, especially the roof part. When it is raining outside, rain water enters the house through the roof. For that reason, Altantuya is asking for a 1.000.000 MNT loan. By doing this, her family will be able to live in a comfortable condition.

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
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Altantuya to fix the roof of her house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Oct 29, 2012
Currency Exchange Loss:
Nov 17, 2014