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Ariyalkham
Ariyalkham is 38 years old and lives with her husband and three children in a rented house in Ulaanbaatar, the capital. Her three children go to secondary schools.

In 2009, Ariyalkham established a plaster and decoration company with her husband. Ariyalkham is responsible for finding orders and her husband implements the orders. If they have many jobs, they hire more people to meet their deadlines. Her business is going well since they established the company. Her family has been renting houses for the last 6 years.

In 2011, Ariyalkham bought a 220-square-meter plot of land in the area of ger districts. Ariyalkham is planning to build her own house on their land next spring. So, she is asking for a loan of 5,400,000 MNT to purchase building materials like bricks, wood, and cement when the price of these materials are lowest. By doing this her family will have their own house, which will bring them happiness every single day.

In the future, Ariyalkham plans to extend her house to make rental rooms for students because her land is located not far from downtown and near the paved road.

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 Mongolia

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,875 helped Ariyalkham to purchase building materials like bricks, wood, and cement.
95% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2012
Listed
Dec 2, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013