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Erdenetsetseg
Mrs. Erdenetsetseg, 41 years old, lives with her husband and two children in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. She has been selling raw materials such as iron ore, coal, trees, cotton and plastic since 2006. Her daughter studies at college, where professional cooks prepare students for cooking. Her 4-year-old son stays at home. Her husband has been rendering transportation services to local people since 2007 and has accumulated a vast amount of experience in this service.

The house they live in has been deteriorating over the years and needs some serious repairs. So Mrs. Erdenetsetseg is requesting a loan of 7,000,000 tugriks to purchase building and insulation materials such as bricks, cement, fiberglass, shingles and foam. Using these materials, she and her husband can repair and insulate their house. The renovated house will enable the family to burn less coal, emit less smoke and contribute to the efforts against air pollution.

The borrower is a very hardworking 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 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,418.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,950 helped Erdenetsetseg to purchase building and insulation materials.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015