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Oyunkhuu
Mrs. Oyunkhuu, 55 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. She and her husband have retired from work and get a state pension. Her son has been working as a waste manager at a heat station.

The house they live in has deteriorated over the years and needs some serious repair. She is requesting a loan of 2,500,000 MNT (Mongolian tugriks) to renovate her house. The house renovation includes but is not limited to ceiling installment, interior decoration, updating windows and repairing the plumbing. As a result, the family can live in a more comfortable and warmer place, which 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 individual who strives for a better future.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Oyunkhuu to install a ceiling, decorate the interior, update the windows and repair the plumbing system in her house.
88% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014