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Mrs. Zulbayar, 29 years old, lives with her family in Dornod, the easternmost province of Mongolia. In 2007, she began working as a machinist at a heat and power plant, and since that time she has been promoted to the fifth level of machinist rankings. Her father runs a privately-owned business. Her younger brother works in Turkey, on an employment contract, and he sends her financial aid each month.

The family's house has deteriorated over the years and needs some serious repair. So, Zulbayar is requesting a loan of 6,500,000 MNT to purchase hardwood flooring, lumber, vacuum-insulated windows, cement, bricks and wallpaper. After the repairs financed by the loan, the family will live in a comfortable, warm place. The renovated house will enable the family to burn less coal, thus contributing to Mongolia's efforts against air pollution by emitting less smoke. In addition, at this time of year the prices of building materials reach their lowest level. Purchasing them now will save a lot of money. The borrower is a very hard-working individual, who is known in her organization for her politeness and generosity.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    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 $4,675 helped Zulbayar to purchase building materials, such as planks, cement and bricks, for repair and energy efficiency of her family's home.
73% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 6, 2013
Mar 8, 2013
Currency Exchange Loss: