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Bayarmaa is 49 years old and married. She works as a doorman in a charity school. She lives with husband in their small and old wooden house in the ger district in Ulaanbaatar, the capital city of Mongolia, an area of the city with no running water, minimal roads, and spotty electricity. Her old house is in very bad condition, especially the leaky roof. Due to its old age and lack of money, it has never been maintained.

Bayarmaa decided to use cheap materials to complete her house. As she planned, they completed their house but it gets colder than others. When the weather gets colder, especially in winter; the hoarfrost forms on the surface of the walls. Bayarmaa needs to use more coal to stay warm. They need to consume 10 tons of coal to overcome the cold winter days of the winter. Bayarmaa is requesting a loan, which she will use to thicken her walls and repair her roof

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,300 helped Bayarmaa to thicken her walls and repair her roof.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 16, 2012
Nov 13, 2012
Currency Exchange Loss:
Dec 13, 2012