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Mrs. Nyamaa, 37 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been working as a high school literature teacher since 1998. Her husband is a carpenter who makes and sells furniture on his own. Their children both go to high school. The house they live in has vulnerable walls and, during the winter time, strong winds and frosts chill the family members down to their cores. So she is applying for a loan of 3,000,000 MNT to buy vacuum-insulated windows, fiberglass and foam. Installing vacuum windows and insulating their walls with fiberglass and foam will ensure that the house will no longer lose its heat through its windows and walls. More importantly, the family will began to burn less coal for heating, which will have a positive impact on the efforts against air pollution, because there will be less release of carbon dioxide. The borrower is a very hard-working individual who cares deeply about her family.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Nyamaa to purchase vacuum-insulated windows, fiberglass and foam to insulate the walls of her home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jul 5, 2013
Currency Exchange Loss:
Jul 17, 2014