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Tsengelmaa
Mrs. Tsengelmaa, 48 years old, lives with her husband in Ulaanbaatar, the capital city of Mongolia. The family lives in their own house on a plot of land. She has been teaching kindergarten since 2002 and, during her free time, she also washes clothes and linens. Her husband has been rendering transportation services to local people, using his own truck. Their children all live on their own and sometimes gives them cash or foodstuffs to help them. The house they live in was built last year, but the walls and roof of house are vulnerable to strong winds and storms and, in the harsh wintertime, the family chills to their cores. So she is applying for a loan of 5,000,000 MNT to buy building and insulation materials, such as cement, paint, fiberglass, foam and cotton. Using those materials, she and her husband will insulate their house, and this will make their home a more comfortable, warmer, place. The renovated house will enable the family to burn less coal, emit less smoke, and thus contribute to the efforts against air pollution. The borrower is very hard-working individual who strives for 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
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Tsengelmaa to buy insulation materials such as fiberglass, foams and cottons so that she and her husband can insulate their house, keep warm in the winter, and burn less coal.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2015