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Mungunzaya
Mrs. Mungunzaya, 34 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. Her husband has been working as a carpenter at a private business entity since 2012 and before this job, he was working in Korea on an employment contract from 2007 to 2012. She herself has been working as a beauty specialist for two years and has accumulated a vast amount of experience in this service field. Her two children both go to high school. The house the family lives in has been deteriorating over the past years since its construction in 1995 and needs some serious repairs and extensions. She is requesting a loan of 5,000,000 MNT to purchase building and insulation materials such as fiberglass, bricks, planks and foams. Then the family can live in a comfortable and warm place and will burn less coal. This will contribute to the efforts against air pollution by emitting less smoke. The borrower is 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 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    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 $3,600 helped Mungunzaya to purchase building and insulation materials such as fiberglass, bricks and planks.
78% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible