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Burgilmaa
Burgilmaa is a 45 year-old woman who lives with her husband, daughter and grand-daughter in their own apartment in Ulaanbaatar, the capital city of Mongolia. Since 2006, she has been supplying goods upon order to the largest department store, Nomin, in Ulaanbaatar. Her apartment is very small. She planned to build her daughter a new house with wall insulation and to install an electric heating panel to assist or replace the coal-fired stove in winter. Now she needs to buy some building materials and an electric heating panel for building her daughter's house.

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 Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,800 helped Burgilmaa to buy some building materials and an electric heating panel for building her daughter's house.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 9, 2012