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Mrs. Khishigdavaa, 47 years old, lives with her husband and only son, age of 21. She has been working for thirteen years in a carpet enterprise in Orkhon Aimag as an assistant weaver. Her husband works privately as a construction carpenter. Their son has just begun five months ago to work in the MBS HD television enterprise as an assistant producer and cameraman.

As winter comes to Mongolia, they are in need of a heater and construction materials to build their incomplete barn, as well as changing their house’s wooden roof to an iron roof. So Khishigdavaa is requesting the loan of 3,000,000 MNT to buy the above mentioned products. By doing so, the house will reduce heat loss and consumption of coal, which is used widely in Mongolia as a primary source for heating. Its consumption is one of the main factors for air pollution.

Khishigdavaa is a very hardworking individual and she believes one day their living standard will improve. She has a dream of leaving their house to their only son.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Khishigdavaa to buy construction materials for house heating.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 6, 2012
Dec 4, 2012
Currency Exchange Loss:
Jun 17, 2015