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Mrs. Myagmarsuren is 51 years old and lives with her family in Erdenet, the third largest city of Mongolia. She and her husband reside in a Mongolian traditional ger (portable felt dwelling) on her son’s yard. At the same time her son’s family takes shelter in a deteriorated house. Her husband has been working at the department of urban development for five years. Her son has recently begun working as a driver at a private business entity. She herself has been working as a janitor at a high school for eight years and before this job, she worked for twenty-eight years at a public service organization.

In order to improve her family’s living standard, she wants to build a house on her son’s yard. Compared to a Mongolian traditional ger, the house will be more spacious and better at heat preservation. She is requesting a loan of 1,500,000 MNT to purchase cement, bricks and planks to build a house. As a result, in harsh winter time, the family can live in a more comfortable and warmer place. The most important aspect of building a house is that it enables the family to burn less coal thus contributing to the efforts against air pollution by emitting less smoke. The borrower is very hardworking individual who strives for better future.

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

Success!! The loan was 100% repaid

A loan of $1,100 helped Myagmarsuren to purchase cement, bricks and planks for building a house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 7, 2013
Mar 13, 2013
Currency Exchange Loss:
Apr 17, 2015