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Ichinnorov, 25 years old, lives with her family in Darkhan, the second-largest city in Mongolia. In 2010, she graduated from the university with a degree in the engineering of construction materials. She and her husband both work as technologists in the same company.

In 2012, with her savings, she purchased a one-room apartment. Before purchasing the apartment, the family was living in her brother’s home, so they have no furniture. Also the apartment has been heavily damaged, so she is requesting a loan of 6,800,000 MNT to buy construction materials and furniture. By doing so, the couple can live comfortably and can invest in their children’s education without worry.

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 $4,875 helped Ichinnorov to buy construction materials and furniture.
92% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Dec 11, 2012
Currency Exchange Loss: