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Oyuntogtokh is 54 years old. She has operated a retail business since 1996 at Kharhorin market, the second largest market in the city. She purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. Oyuntogtokh is living with her invalid daughter and her son’s family on her plot of land. She and her son have been building a new house on the land and the house is 60% complete.

The loan that Oyuntogtokh is taking out will be used to complete building her new house. By doing this, she can build an energy-saving house which has less initial heat loss. Smoke from charcoal-burning stoves generates harmful chemicals and dust into the atmosphere. The Mongolian government is taking regulatory steps to stop charcoal burning or to at least minimize its use to appropriate amounts, but charcoal is becoming widespread as the fuel used due to its cheap price.

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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,750 helped Oyuntogtokh to complete building her new house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 29, 2012
Nov 23, 2012
Currency Exchange Loss:
Dec 17, 2014