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Altantsetseg
Altantsetseg is 40 years old and lives with her mother and brother in her old wooden house in Ulaanbaatar, the capital of Mongolia. She has worked as an assistant doctor in the emergency service of the 4th power plant of Ulaanbaatar since 1997. Her brother works as a knitter in a private cashmere company. And her mother is a pensioner.

Altantsetseg said that her father built the house when she was 7 and many pleasant memories relating to her childhood and family are kept in this house. So she loves her house. But now, due its old age, her house is in incredibly bad condition. Last year she had to burn a large amount of coal to warm the house to overcome the winter. So, before the winter she has planned to build a new winter house, using energy-saving materials like foam, glass-wool, double-glazed windows and bricks.

Now she is bricking up the walls. After this part, she needs to make the roof, insulate the walls on both sides and to install the windows. Altantsetseg is requesting 2,000,000 MNT loan to buy energy-saving materials for her new house construction in order to cut the usage of coal and to contribute her effort to 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Altantsetseg to buy energy-saving materials for her house construction.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013