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Adilbish is 58 years old and lives with her daughter and son-in-law in Ulaanbaatar, the capital of Mongolia. Her son in law has been working as an excavator operator in private construction business; his earnings vary due to the season. From November to March, he earns 800,000 MNT and in other months he earns 1,000,000 MNT.

Adilbish has retired and receives retirement benefits. As winter comes to Mongolia, people who live in bad quality housing are freezing. Just like these people, she lives in house which has been damaged over the years and needs some serious repair. Due to lack of an insulated garage, the car used in their everyday life is using more fuel and emitting environmentally harmful smoke to the atmosphere.Adilbish is requesting a loan for 5,000,000 MNT to purchase construction materials for house improvement and garage building. As a result, the family can live in a warm and comfortable place and most importantly can contribute to the environment by burning less coal thus supporting the efforts against air pollution.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,625 helped Adilbish to purchase construction materials.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Dec 20, 2012
Currency Exchange Loss:
May 17, 2014