Check out some available loans that are similar to this one!
Odonchimeg
Odonchimeg, 26 years old, lives with her husband and two children in Ulaanbaatar, capital city of Mongolia. The family resides in a traditional Mongolian ger (portable felt dwelling). Her husband has been working as a railroader at the train station. Also, in wintertime, her husband renders taxi services to local people.

Odonchimeg has been working as a train hostess at the train station since 2010. Her elder son studies at first grade.

The ger the family lives in has deteriorated over the past years and needs some renovation by changing its felt and by building a barn which will be joined with the door. So, Odonchimeg is requesting a loan of MNT 1,500,000 to purchase felt and planks.

During harsh winter times, the family is chilled down to their cores and they burn lots of coal in order to heat the ger. By changing its old felt with new felt, their home will have a better defense against strong storms and frosts. Building a barn conjoined with the door will decrease the force of incoming winds and will be used for storage of food and wood.

As a result of the loan, the family will burn less coal, thus contributing to the efforts against air pollution, due to the warm and insulated traditional Mongolian ger. Odonchimeg is a very hard-working individual who wants to improve her family's living standard.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,394.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Odonchimeg to renovate her family's home.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014