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Munkhzul, 27 years old, lives with her husband, who operates a taxi business, and son in their own apartment in Ulaanbaatar, the capital city of Mongolia. Since 2008 Munkhzul has worked in a beauty salon and has many clients, some of whom she meets in their homes.

Munkhzul is seeking a loan to improve her family's living conditions. Their apartment is small, having been built in the Soviet era, and requires some upgrades. She is requesting a 3,000,000 MNT loan to buy a new radiator and double-glazed windows. She also wants to replace the old rusty water lines with new PVC and the electric lines with safer ones to prevent fires.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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 Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Munkhzul to improve her family's living conditions through the purchase of a new radiator and double-glazed windows.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 9, 2012
Nov 8, 2012
Currency Exchange Loss:
Nov 17, 2013