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Mrs. Altantuya is 45 years old and lives with her husband and four-year-old daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. Her husband is an electrician and gem cutter but currently unemployed. She herself has been working as a chairman at one branch of a building company. Also she rents a 54-square-meter field to a cosmetic product selling company. The house the family lives in has deteriorated over the years and needs some serious repair. So she is requesting a loan of 2,600,000 MNT to purchase building and insulation materials such as fiberglass, bricks, concrete and planks. As a result, the family can live in a comfortable and warm place. In addition, the renovated house will enable the family to burn less coal thus contributing to the efforts against air pollution by emitting less smoke. The borrower is a very hardworking and trustworthy individual who cares deeply for her family.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Altantuya to purchase insulation and building materials such as fiberglass and bricks to repair their home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 6, 2013
Mar 8, 2013
Currency Exchange Loss:
Apr 16, 2014