Check out some available loans that are similar to this one!
Munkhzul
Munkhzul is a 32-year-old widow. She is living with her daughter, her mother and her brother’s family. Those six people live in a small apartment in Erdenet, the third largest city of Mongolia. Erdenet is an industrialized city. Her daughter, Oyuntulkhuur, is 10 years old and is studying in secondary school.

Munkhzul has been working as an operator in an ore-dressing enterprise, since 1999. A few months ago, her brother started work as a millwright in Oyutolgoi, Umnugovi Aimakh, approximately 600 km from the city of Ulaanbaatar.

It’s very difficult to live with her brother’s family in a small apartment. That’s why she started to build a house for her brother's family. Her brother’s family income is not enough. Munkhzul is a very kind person. This autumn she started to build a house in blocks. Now she needs more money to buy construction material such as roof material, double-glazed windows, doors and the necessary material for interior decoration.

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 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,675 helped Munkhzul to buy construction material such as roof material, double-glazed windows, doors and necessary material for interior decoration.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014