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Khishigdelger

Update on Khishigdelger

Mrs. Khishigdelger, 29 years old, lives with her husband, daughter and parents in Ulaanbaatar, the capital city of Mongolia. She has been working as a saleswoman at a trade center since 2010. Her husband has been rendering taxi services to local people for a long time and has accumulated a vast amount of experience in this service.

Using her previous loan, Khishigdelger has added an extension and insulation to her house. Now she is requesting a loan of 2,000,000 MNT to install a heating system in her house. Installment of the heating system will enable the family to live in a more comfortable and warm place, as well as burn less coal, emit less smoke, and then contribute to the efforts against air pollution.

Khishigdelger is a very hardworking individual who strives for a better future.

Previous Loan Details

Mrs. Khishigdelger, 27, is a vendor of eyeglasses in the supermarket. She lives with her husband and three-year-old daughter in a small old house with her parents. Actually, her house is too small for five people to live together and it loses heat through the wall and windows. So, she decided to ... More from Khishigdelger'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 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.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Khishigdelger to install a heating system in her house.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014