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Terbish
Mrs. Terbish is 38 years old and lives with her only daughter in Darkhan, the second largest city of Mongolia. Her husband passed away many years ago. She has been working as a fuel distributor at a gas station since 2009. She also receives a state pension because she is now the head of the household. The apartment she and her daughter live in has been deteriorating over the years and is in need of some serious repair and insulation. So she is requesting a loan of 2,000,000 MNT to purchase materials such as gypsum, cement, fiberglass, and foam. Using these materials, she can repair and insulate her apartment, thus providing a comfortable and warm accommodation for her daughter. Moreover, she will use less energy for heating due to the renovation. 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Terbish to purchase building and insulation materials for her apartment.
86% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015