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Mrs. Gantumur, 45 years old, lives with her son in Kherlen, a town of eastern Mongolia. The family resides in their old house, on a plot of land. She has been working as an equipment operator at a building company since 2006. Until 2012 her employment was part time, and in 2013 she became employed as a full time staff member, increasing her salary and covering food and other, work-associated, costs.

The house that Gantumur and her son live in has deteriorated over the years, and it needs some serious repairs. So she is requesting a loan of 3,000,000 MNT, which she will use to purchase building and insulation materials, such as planks, bricks, concrete, fiberglass and foam. Using these materials, she herself can repair and insulate her house, thus creating a comfortable and warm place. The renovated house will enable the family to burn less coal, emit less smoke, and thereby contribute to the efforts against air pollution. The borrower is a hardworking individual, who wants to see her son live well and happily.

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
  • $15,398,050
    Funds lent in using Kiva
  • 1,434.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Gantumur to purchase building and insulation materials for repairing the old house.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 6, 2013
May 12, 2013
Currency Exchange Loss:
Dec 17, 2014