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Mrs. Choijkhuu, 36 years old, lives with her son in Ulaanbaatar, the capital city of Mongolia. They reside in their own house on a plot of land. She has been working as a noodle packer at a noodle factory since 2011. Her son goes to high school and is currently in seventh grade. She divorced her husband seven years ago. The house they live in has been deteriorating over the years and needs some serious repair. She is requesting a loan of 4,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass, foam, and planks. As a result, she and her son can live in a comfortable and warm house after repairing and insulating their house using those materials. The renovated house will reduce their coal consumption and release fewer pollutants into the air, contributing to efforts to reduce 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,825 helped Choijkhuu to purchase building and insulation materials.
69% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jun 18, 2013
Currency Exchange Loss: