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Mrs. Sersmaa, 62 years old, lives with her family in Orkhon, the third largest city of Mongolia. She and her husband have been retired, and now run an agriculture business by cooperating with a private business entity. Her husband is a member of the board of directors of a private bank. As winter comes to Mongolia, the apartment they live in is getting cold, due to its vulnerable windows and walls. Therefore, she is requesting the loan of 6,000,000 MNT to buy vacuum-insulated windows and some construction materials. As a result, the family can live comfortably, and the apartment won’t lose its heat any more. Preventing heat loss will not only make the family more comfortable, it will also be beneficial to the environment by reducing the burning of fuel.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,300 helped Sersmaa to buy vacuum-insulated windows and construction materials, to reduce heat loss from the apartment in which she lives.
92% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Dec 11, 2012
Currency Exchange Loss: