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Mrs. Altanchimeg, age 29, is a translator at a building company. She has been working in this position for many years, translating mainly between Chinese and Mongolian. She lives with her parents and her son in Ulaanbaatar, the capital city of Mongolia. The family resides in a small barn on a plot of land surrounded by block fences.

She is requesting a loan in the amount of 3,000,000 MNT in order to purchase building and insulation materials such as bricks, cements, planks, fiberglass, and foam. Using those materials, she intends to build an extension to her small wooden barn. This will help her family to live in a warmer and more comfortable place. The renovated dwelling will also reduce the family's coal usage, thus contributing to the efforts against air pollution by releasing fewer pollutants.

Mrs. Altanchimeg 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 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Altanchimeg to build an extension to the small barn where her family lives.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 29, 2013
Jun 3, 2013
Currency Exchange Loss:
Jul 17, 2014