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Uuriinbayar
Mrs. Uuriinbayar, 33 years old, lives with her husband in Ulaanbaatar, capital city of Mongolia. The couple lives in their old house. She has been working as a voice producer in a private television enterprise for five years, and her husband renders taxi service.

As winter comes to Mongolia, the old wooden house of theirs seems like it can’t withstand the harsh climate. Window glasses are all frozen, and constant wind blowing makes the house very drafty and uncomfortable. In addition, the floor becomes all shattered and the house is completely cold in every corner. So she is requesting a loan amount of 2,000,000 MNT, to buy insulating materials and vacuum-insulated windows. Once their house is insulated, she and her husband can work enthusiastically.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Uuriinbayar to buy insulating materials and vacuum-insulated windows for her house.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 5, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014