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Mrs. Byambasuren is 43 years old and lives with her family in Darkhan, the second largest city of Mongolia. She has been working as a seamstress in a leather factory for twenty four years. During her free time, she also makes dresses to order for local customers. Her parents reside in their own house on a plot of land while she rents an apartment in the city center. Her older daughter is studying at medical college in Ulaanbaatar, the capital city of Mongolia.

The house that Byambasuren's parents live in has deteriorated over the years and needs some repairs. So she is requesting a loan of 6,500,000 Mongolian tugriks (MNT) to purchase construction materials such as paints, gypsum, planks and bricks. During this time of year, the price of construction materials generally reaches its lowest level. As a result, purchasing materials at this time will enable her to save money for the upcoming White Moon festival (a traditional Mongolian ceremony). Most importantly, the renovated house will have the benefit of not losing heat so easily, contributing to the efforts against air pollution by enabling the family to burn less coal.

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
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,225 helped Byambasuren to purchase construction materials such as paints, gypsum and bricks.
83% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Jan 31, 2013
Currency Exchange Loss: