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Mrs. Enkhtuya, 53 years old, lives with her son's family in the Kherlen district of Mongolia. The family resides in their own house on a plot of land. Her son has been working at the train station since 2010 and was recently promoted to chief worker. She herself has retired from work and gets a monthly state pension. The house they live in has been deteriorating over the years, and the roof, particularly, needs some serious repair. So she is requesting a loan of 2,000,000 MNT to purchase building and insulation materials, such as fiberglass, bricks, plates, and planks. After repairing the roof and other parts of the house, the family will be able to burn less coal, thus contributing to the efforts against air pollution by emitting less smoke. More importantly, the children and the borrower, who is very old, can live in a warm and comfortable place, not chilled down to their cores in the harsh Mongolian winter climate.

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
  • 1,389.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,450 helped Enkhtuya to purchase insulation and building materials.
77% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Mar 18, 2013
Mar 27, 2013
Currency Exchange Loss: