Check out some available loans that are similar to this one!
Gerelmaa, 34 years old, lives with her family in Ulaanbaatar, capital city of Mongolia. The family is now residing in a Mongolian traditional ger (portable felt dwelling) temporarily on a fenced in land. She has been running a clothing sales business since 1999 and accumulated a vast amount of experience. In 2007, she and her husband went to Korea on an employment contract, but returned to Mongolia to give birth to their second child. During the summer time when most construction work takes place, her husband works at a construction site.

In January, 2013, the house they used to live in burned down due to an accident and they were forced to stay in a Mongolian traditional ger in harsh winter time weather. Now the price of building materials is reaching its lowest level and buying them will benefit the family greatly. So she is requesting a loan of 6,800,000 MNT to purchase building materials such as bricks, cement, planks, iron and plates. Compared to the Mongolian traditional ger, a house enables the family to burn less coal, emit less smoke and it contributes to the efforts against air pollution. The borrower is very hardworking individual who strives for a better life.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,875 helped Gerelmaa to purchase building materials such as bricks, cement and planks.
76% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 8, 2013
Apr 9, 2013
Currency Exchange Loss: