Check out other loans that are currently fundraising!
Enkhsaikhan
Mrs. Enkhsaikhan, 35, 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 raises livestock and currently they have seven cows which are nearly ready to give birth. During this time of year, the price of milk reaches a peak, so nowadays her husband is working hard. She herself has been working as a nurse at the hospital for ten consecutive years and this year she was awarded the golden nurse medal by the medical association.

The house Mrs. Enkhsaikhan and her family live in has deteriorated over the years and needs some serious repair. So, she is requesting a loan of 2,500,000 MNT to purchase building and insulation materials such as fiberglass, foam, planks, and bricks. Using those materials, she and her husband will make a house extension and insulate and repair the house. The renovated house will enable the family to burn less coal for heating and will thus help the efforts against air pollution by emitting less smoke. The borrower, together with her husband, is a very hardworking individual who cares deeply for her children's education.

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
  • 1,394.7
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,800 helped Enkhsaikhan to purchase building and insulation materials such as fiberglass, bricks, and planks.
76% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2013
Listed
Mar 31, 2013
Currency Exchange Loss:
Possible