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Mrs. Avirmed, 60 years old, lives with her husband and son in Dornod, the easternmost province of Mongolia. She and her husband both have retired from work and get pensions from the state. Her son has been rendering taxi services to local people for a long time. This year, she and her family purchased a house which needs some repair. So she is requesting a loan of 2,500,000 MNT to purchase building materials such as bricks, cements and planks. As a result, the family can live in a comfortable and warm place where they will burn less coal thus contributing to the efforts against air pollution by emitting less smoke. The borrower is a very hardworking individual even though she is older. She and her husband sometimes run a livestock selling business, because they are eager to improve their living standard.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,800 helped Avirmed to purchase building materials such as planks, bricks and cements to repair their home.
80% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 5, 2013
Mar 8, 2013
Currency Exchange Loss: