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Tsetsegbayar
Mrs. Tsetsegbayar, 41 years old, lives with her mother, brother and sister-in-law in Ulaanbaatar, the capital city of Mongolia. The family resides in an apartment. She has been working as a barber at a barber shop for twelve years. Her brother has been welding for a living by posting advertisements in websites and newspapers. Her mother has retired from work and gets a state pension. The apartment they live in has been deteriorating over the years and it needs some serious repair including installing vacuum insulated windows and hardwood floors, and insulating walls with fiberglass and foam. So she is requesting a loan of 3300000 MNT to purchase the above-mentioned items in order to renovate her apartment. As a result, her family will live in a comfortable and warm place even in harsh wintertime. The apartment will no longer lose its heat and will preserve energy. 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 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,325 helped Tsetsegbayar to purchase vacuum insulated windows, hardwood floors, fiberglass and foam.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 9, 2013