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Purevsuren
Mrs. Purevsuren, 41 years old, lives with her 75-year-old mother, husband, two-year-old child, and sister in Ulaanbaatar, the capital city of Mongolia. Her mother has retired from work and gets a pension from the state. Her sister has been working as a manager at a photo studio for eight months. Her husband does building work on his own for a living. She herself has been working at the train station for twenty years and is considered to be the best worker by her colleagues.

The house they live in has deteriorated over the years and it needs some serious repair. So she is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, planks, metals, fiberglass, foam, and a low pressure heater. Using those materials, her husband can make repairs and insulate their house, thus providing more comfortable and warmer accommodations for the whole family.

The renovated house will enable the family to burn less coal, thus releasing less pollutants into the air, which contributes to the efforts against 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    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 Purevsuren to purchase building and insulation materials.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2015