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Tserendulam is 46 years old. She lives with her daughter and mother in a rented house in Ulaanbaatar, the capital city of Mongolia. She has been working as an accountant in private company since 2011. Her daughter is 25 years old and works in a government-related organization and her mother is pensioner. Two of her children live independently. Ten years ago, she divorced her husband and she raised her 3 children by herself. Now, Tserendulam is building a new house for her family and the building process is on-going and is 70% complete. Installation of windows and roof parts and the completion of the interior and exterior remain to be completed.
Tserendulam is asking for a 4,000,000 MNT loan to complete her house. She indicates that every material used in her house is planned and chosen under careful research to stop heat loss and limit utility expenses. Through this effort, she will use energy-saving materials such as fiberglass insulation, block, double-glazed windows, etc.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,377.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,925 helped Tserendulam to buy energy saving material to complete her house and stop the heat loss.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Oct 30, 2012
Currency Exchange Loss:
May 17, 2014