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Mrs. Erdenechimeg, 53 years old, lives with her mother, husband and son in Ulaanbaatar, the capital city of Mongolia. The family resides in their house on her mother’s plot of land. Her husband works as an assistant cook at a coal and gold mine. Her mother has retired from work and gets a pension. Her elder son currently works in Korea in accordance with a labor contract, and has been living there for two years. She herself works as a salesperson at a private business entity. Her work includes, but is not limited to, selling oil and lubricant materials, automobile equipment, etc.

Over the years, the house they live in has deteriorated and needs some serious interior repair and replacement, including high quality windows and a door. So, she is requesting a loan of 3,000,000 MNT to purchase construction materials as well as new windows and a door. As a result, the house heating system can be updated and the family can live in a more comfortable and warm place. Most importantly, due to having a heat-preserving house, the family will burn less coal, thus contributing to 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,387.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Erdenechimeg to purchase construction materials.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 8, 2013
Jan 11, 2013
Currency Exchange Loss:
Mar 17, 2015