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Mrs. Otgontuya is 44 years old lives with her husband and 2 children (ages 17 and 13) in an old small wooden house in Darkhan, the second largest city of Mongolia. Their house is located in a boundary area of the city with no running water, minimal roads and spotty electricity.
She has worked as a cleaner for 2 years and her husband works as a guard in a local private company. Her salary is $120 per month and her husband earns $200. Even though they have a low income, they live a life of full happiness. Otgontuya explains that her only wish is to provide her children with a good education. Due to their lack of money and its old age, her house is in a bad condition and requires significant repair. Her family is planning to make some changes including adding wall insulation, painting, and replacing wallpaper. The loan Otgontuya is taking will be used to make improvements in her house to improve their living condition and save the environment.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,382.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Otgontuya to perform maintenance on her house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Oct 30, 2012
Currency Exchange Loss:
Nov 17, 2013