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Odontsatsral
Mrs. Odontsatsral, 26 years old, lives with her husband in Kherlen, the easternmost town of Mongolia. They live in their own house on a plot of land. She has been working as a saleswoman at a grocery store since 2010. Her husband has a position at a military base.

She is requesting a loan of 2,800,000 MNT (Mongolian tugriks) to purchase building and insulation materials such as bricks, planks, cement, fiberglass and foam. Using those materials, she and her husband can make their house more comfortable and a warmer place. More importantly, they will begin to burn less coal for heating and it has a positive impact on the environment as less carbon dioxide is emitted into the air. The borrower is a very hardworking woman who also grows vegetables in spring for a living.

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.

About Mongolia

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,975 helped Odontsatsral to purchase building and insulation materials.
82% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible