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Lkhasurenjav is 32-years-old, and lives with her mother, sister and daughter in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. Her mother has retired from work and gets a state pension. She herself has been running a shoe sales business since 2012 and in one year she attracted numerous customers to her business. She divorced her husband one year ago and moved to her mother's home. The house the family lives in has deteriorated over the years and needs some serious repair. She is requesting a loan of 1,700,000 MNT to purchase building materials such as bricks, cement and planks. As a result, her family can live in warm and comfortable place. More importantly, the family will burn less coal, reduce carbon emissions contributing to the efforts against 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Lkhasurenjav to purchase building materials such as bricks, cement and planks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 8, 2013
Apr 13, 2013
Currency Exchange Loss:
May 17, 2014