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Mrs. Soyoltsetseg, 45 years old, lives with her two children in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on plot of land.

For three years, she has been selling kitchen furniture to local people and it is her only income for her family's support.

The house they live in has deteriorated over the years and it needs some serious repair. Also, Soyoltsetseg wants to plant flowers on her land and for this purpose, she wants to build a greenhouse.

She is requesting a loan of MNT 7,000,000 to purchase building materials such as bricks, cement, fiberglass, foams, and planks. Using those materials, she together with her two children, can repair and insulate their old house and build a greenhouse on their land.

The renovated house will enable the family to burn less coal, thus releasing fewer pollutants into the atmosphere. Additionally, the greenhouse will provide the necessary conditions for flowers to undergo photosynthesis, which enables carbon dioxide to turn into oxygen. All of this loan will be used for environmental protection purposes. 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 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,925 helped Soyoltsetseg to purchase building and insulation materials to renovate her home and to build a greenhouse.
67% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jun 11, 2013
Jun 14, 2013
Currency Exchange Loss: