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Tsedensodnom
Tsedensodnom, 53 years old, lives with her family in Dundgovi, in the southern province of Mongolia. The family lives in their own house on a plot of land. She and her husband raise livestock, and they are some of the best herdsmen in Mongolia. Their eldest daughter has a position of distributor at a catering company. Their second daughter works as a teller at a bank. Their third daughter is pregnant, and their youngest daughter studies at the university.

Over the years the house they live in has deteriorated and needs some serious repair. Tsedensodnom is requesting a loan of 2,000,000 MNT to purchase construction materials such as cement, gypsum and bricks. As a result the family can live in a comfortable and warm place. A renovated house has the benefits of not losing its heat easily and consuming less coal. Reducing the usage of coal will contribute to the efforts against air pollution.

Additional Information

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,380.3
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Tsedensodnom to purchase construction materials such as cement, gypsum and bricks.
86% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015