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Mrs. Rina, 57 years old, lives with her sister and son in Ulaanbaatar, the capital city of Mongolia. She has retired from work and gets a state pension. Not wanting to sit idle, seven years ago she began working as a sentry at a high school. Her son, together with his colleagues, make house decoration for a living. Her sister, same as her son, was raised by her, and now works as a cook at a restaurant.

The house the family lives in is a small barn, and it barely withstands winter storms and frosts. She is requesting a loan of 5,500,000 MNT to purchase building materials such as planks, bricks, cement, metal and sand. Using those materials, she wants to make a large extension to her barn, as her son is getting married. More importantly, they will reduce their coal consumption and contribute to the efforts against air pollution by releasing fewer pollutants into the atmosphere.

In the future, she is dreaming about building a new house where she wants to live happily with her grandchildren. 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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,448.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,800 helped Rina to purchase building materials.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 10, 2013
Currency Exchange Loss:
Aug 17, 2015