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Tserendolgor
Mrs. Tserendolgor, 50 years old, lives with her husband in Ulaanbaatar, the capital city of Mongolia. She and her husband built their own house on a plot of land. Her daughter lives separately from her parents, on her own. She has been working as an attendant at a private business entity since 2011. Her husband renders transportation service between Ulaanbaatar and other cities. The house they live in is vulnerable to heat loss and to strong storms, due to a deteriorated and weak curb roof. So she is applying for a loan of 2,400,000 MNT to buy planks, fiberglass and cement. Using these materials, her husband can repair the curb roof of the house, thus stopping the loss of heat through the roof. Stopping heat loss will enable the family to burn less coal, emit less smoke, and thus contribute to the efforts to combat air pollution. The borrower is a very hard-working individual who strives for a better future.

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.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,433.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,675 helped Tserendolgor to buy planks, cement and fiberglass to repair their roof.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014