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Khalzankhuu, 49 years old, lives with her husband and seven children in Dornod, eastern province of Mongolia. The family resides in their own house on a plot of land.

Her husband is unemployed and stays at home. Her younger three children go to high school. The eldest son now works at a construction business entity in Ulaanbaatar. Her eldest daughter has a position of saleswoman at a clothes sales entity. Khalzankhuu has been working as a flour mixer and molder at a fancy cakes factory for six consecutive years.

The house they live in has deteriorated over the years and it needs some serious repair. Khalzankhuu is requesting a loan of MNT 4,000,000 to purchase construction materials, such as bricks, cement, planks, and dry boards.

As a result of the loan, the family can live in a comfortable and warm place, due to a renovated and insulated house. Most importantly, in cold periods, the house will enable the family to 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,900 helped Khalzankhuu to purchase bricks, cement, planks, and dry boards to renovate her house.
62% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 14, 2013
Currency Exchange Loss: