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Tuvshuntugs
Tuvshuntugs is 22 years old and lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. Her husband runs a transportation business between regions. She works as an interior decorator at a private construction business entity. Their child attends kindergarten. Over the years, the apartment they reside in has been deteriorated badly and needs some serious repairs.

Tuvshuntugs is requesting a loan of 55,00,000 MNT to cover the cost of water closet improvements, plumbing updates, purchase of ceiling, vacuum door and floor heating system installation. Installing a floor heating system will be beneficial as sometimes heat distribution from the heating station stops. Also ceiling and vacuum door installment can help a lot in keeping warm. As a result, the heat loss from door side will be stopped and the apartment will better retain heat. The couple will then have no fear of their son getting cold and can work enthusiastically for their future.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,975 helped Tuvshuntugs to cover for home repair costs.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Jan 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015