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Burenbuyn
Mrs. Burenbuyn, 35 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land.

Burenbuyn has been working as an accountant at a private business entity since 2006, and is considered to be one of the skilled staff by company managers. Her husband has been rendering taxi services to local people for six years and has accumulated a vast amount of experience in where to pick up customers and how to shorten routes.

Burenbuyn and her husband began building a house on their land last autumn. They completed the main components of the house, but due to lack of finances, they haven't finished their house. Living in a house is way better than living in a ger for comfort and warmth. During the harsh wintertime, they burn tons of coal in order to heat their Mongolian traditional ger.

So, Burenbuyn is requesting a loan of 2,000,000 MNT to purchase building and insulation materials, such as bricks, planks, cement, fiberglass and foam. Using these building materials, she and her husband can finish their house and after that, insulate their house with fiberglass. The resulting high-quality house will enable the family to burn less coal, release less smoke and then contribute to the efforts against air pollution.

The borrower is a very hardworking individual who doesn't want her husband or son to chill down to their cores during the harsh wintertime.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,412.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Burenbuyn to purchase building and insulation materials.
88% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 4, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014