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Munkhtsetseg
Mrs. Munkhtsetseg, 41 years old, lives with her husband and children in Kherlen, eastern town of Mongolia. She has been working as a cook at a restaurant since 2011.

Her family resides in their own house on a plot of land. The house they live in has deteriorated over the years and needs some serious repairs. During the winter time, the family chills down to their core so they decided to make an extension to the house in order to reduce heat loss. In order to make the extension, she needs 1,000,000 MNT to purchase building materials such as planks, bricks and cement. As a result, the family will burn less coal thus contributing to the effort to reduce air pollution. 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 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Munkhtsetseg to purchase building materials.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2015