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Tsogjavkhlan

Update on Tsogjavkhlan

Mrs. Tsogjavkhlan, 45 years old, lives with her only son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. She has been working as a manager at a private business entity for some time, and during her free time, she renders taxi services to the local people using her own automobile. Her son gets a state pension because his father passed away so early. This year, her son is graduating from high school and will continue to study in university. Using her previous loan, she has made renovations and installed insulation in her house. This time, she is requesting a loan of 4,500,000 MNT to expand her house. House expansion will further reduce heat loss and provide more space for her family when her son gets married. Heat loss will reduce the usage of coal and will contribute to the efforts against air pollution. The borrower is a very hard-working individual who wants her son to get very good education, find a job and marry a good woman.

Previous Loan Details

Tsogjavkhlan, 44 years old, is a widow who lives with her son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house. Tsogjavkhlan has been working as a manager at a private company and her son gets a single parent pension. Also using her free time, Tsogjavkhlan provi... More from Tsogjavkhlan's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,434.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,150 helped Tsogjavkhlan to expand her house.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2013
Listed
May 12, 2013
Currency Exchange Loss:
Possible