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Purevsuren
Mrs Purevsuren is 54 years old and lives with her husband and daughter, in their small wooden house in Kherlen, the third largest city in Mongolia. She has a job, working as a cleaner in a local company. Her husband doesn’t have a job. Her daughter is 18 years old and attends University. Her son is living in the countryside, and every month he sends some money home for his family. Purevsuren’s family has a low income, but they live a life full of happiness.

Purevsuren is planning to reconstruct her house, and to thicken the walls with materials that keep the heat in as long as possible. She will use brick to thicken the house walls on the outside, and basalt wool (rockwool insulation) on the inside. By doing this, she can cut the usage of charcoal by several times, in comparison with the house as it currently stands. Purevsuren will use the loan to repair her house and to thicken and insulate its walls.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Purevsuren to repair her house, and to thicken and insulate its walls.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 25, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014