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Tuvshinmandakh
Mrs. Tuvshinmandakh, 35 years old, lives with her family 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 miner at a mining company for two years. He husband has the position of marketing manager at a restaurant.

Even though they have a house on their land, they live in a Mongolian traditional ger since the house has vulnerable windows, walls and roofs. But recently they decided to move into their house because as winter comes, the ger couldn't afford comfortable and warm accommodation due to its long-time usage. So Mrs. Tuvshinmandakh is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, planks, vacuum-insulated windows, hardwood floors, shingles, fiberglass, cotton and gypsum.

Using those materials, she and her husband will repair and insulate their house. As a result, they can live in a comfortable and warm place no fear of harsh wintertime. More importantly, the renovated house will enable the family to burn less coal, emit less smoke, and contribute to the efforts against air pollution.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,875 helped Tuvshinmandakh to purchase building and insulation materials.
88% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015