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Oyuntsetseg
Oyuntsetseg is 51 years old and lives with her husband and 21-year-old son. She has been a cleaner at a training center since 2000. Before that, she worked as a nurse at the Children’s Hospital. Her family lives in a small wooden house in the ger district, an area with no running water, minimal roads and erratic electricity, in Darkhan, the second largest city of Mongolia.

Mongolia is one of the coldest countries in the world and borders with Siberia to the north. So they need to use more coal to stay warm which is why Mongolia is one of the worst countries for air pollution.

Oyuntsetseg is planning to to prevent heat loss from her house by thickening the walls with materials such as cement, brick, and glass wool (fiberglass) batts. She is therefore requesting a loan of 3,500,000 MNT to thicken her house walls.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,525 helped Oyuntsetseg to prevent heat loss from her house by thickening the walls.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible