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Update on Enkhtsetseg

Mrs. Enkhtsetseg, 55 years old, lives with her husband in Kherlen, an eastern town in Mongolia. The family resides in their own house on a plot of land. All of her children live separately from their parents. She has been working at a private business entity since 2005. Using her previous loan, she has finished her house building but due to the lack of finances, she hasn't fully insulated the walls. So, she is requesting a loan of 5,000,000 MNT to purchase insulation materials such as fiberglass, foam and cotton. After using those materials for insulation, she and her husband can live in a comfortable and warm place. Moreover, the renovated house will enable the family to burn less coal, thus contributing to the efforts against air pollution. The borrower is a very hardworking individual who strives for a better future.

Previous Loan Details

Mrs. Enkhtsetseg, 54, is retired, but she still has been working as an accountant for seven years at a beverage company. Now, she lives with her husband, all three of her children, and moved out from their parent’s home in the ger district (a ger is a traditional nomadic yurt or small house) in K... More from Enkhtsetseg's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    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 $3,600 helped Enkhtsetseg to purchase insulation materials such as fiberglass, cotton and foam.
69% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Mar 27, 2013
Mar 31, 2013
Currency Exchange Loss: