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Tseren
Mrs. Tseren, 43 years old, lives with her family in Darkhan, the second largest city in Mongolia. The family resides in a Mongolian traditional ger (a portable felt dwelling) on a plot of land. She has been working in the service sector since 2009, and she is considered a good, skilled worker by her managers. Her husband has been working as a security officer for almost four years. In his spare time, he also renders taxi service to local people in order to generate additional income for his family.

Tseren and her family came from the countryside to Darkhan City in 2006 and began building their own house. Now the house is almost completed and some interior walls and window insulation remain.

Tseren is requesting a loan of 1,000,000 MNT to purchase fiberglass, foam, cotton, and straw. Using these materials, she and her husband can add insulation to their house. An insulated house will enable the family to burn less coal, emit less smoke, and thus contribute to efforts against air pollution. Tseren is a very hard-working individual who strives for a better future as evidenced by her migration into an urban area.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,428.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Tseren to purchase insulation materials.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015