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Udaakhtsetseg
Udaakhtsetseg, 21, lives with her family in Dornod, an eastern province of Mongolia. From 2007 to 2009, she attended university as an exterior and interior design major. In 2010, she worked as a waitress but shortly thereafter (in 2011) she was promoted to bookkeeper. As winter comes to Mongolia, it is very troublesome to have a house with a vulnerable roof, so Udaakhtsetseg is requesting a loan of 1,500,000 MNT, which is needed for interior and exterior repair of the house. As a result of these repairs her home will be fixed and no longer lose its heat. This will contribute to environmental protection because the family will burn less coal, and will also provide better living conditions for them.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Udaakhtsetseg to repair her house.
59% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible