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Mrs. Otgonchimeg, 32 years old, lives with her husband and two sons in Ulaanbaatar, capital city of Mongolia. The family resides in a Mongolian traditional 'ger' (portable felt dwelling) on a plot of land. She has been working as a waitress at a private business entity for four years. Her husband is employed as a carpenter by a wooden products sales company. Her elder son studies at high school while her younger son is at kindergarten.

During winter time the family are chilled to the core due to living in an old deteriorated Mongolian traditional 'ger'. So this year, they began building their own house but couldn't finish it due to lack of finances. So Otgonchimeg is requesting a loan of 6,000,000 MNT to purchase building materials such as planks, bricks, cement and metal shakes. If she can complete her house, their children can live in a comfortable and warm place. The high quality house will enable the family to burn less coal, releasing less carbon dioxide and thus contributing to the efforts against air pollution. Living in a house is way better than living in a 'ger' in terms of both warmth and comfort. The borrower is a very hardworking individual who doesn't want her husband and sons to be chilled to the core in harsh wintertime.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,225 helped Otgonchimeg to purchase building materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 6, 2013
May 9, 2013
Currency Exchange Loss:
Jun 17, 2015