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Oyunbileg
Oyunbileg, 38 years old, lives with her family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. Her younger sister has a position of designer at a private business entity. She herself has been working as a laboratory technician at a center of disability research.

The house they live in has been deteriorating over the years and needs some serious repair. So she is requesting a loan of 4,000,000 MNT to cover the costs of purchasing building and insulation materials such as planks, gypsum, fiber glass, foams and metals and installing a sanitation system into the house. This will increase energy efficiency. Because the family previously used coal to warm water and heat the house, the renovated house will enable the family to burn less coal, emit less smoke and contribute 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 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.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,407.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,850 helped Oyunbileg to purchase building and insulation materials.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014