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Tsetserleg
Mrs. Tsetserleg, 53 years old, lives with her family in Ulaanbaatar, the capital city of Mongolia. The family resides in a wooden house on a plot of land. Ten years ago, the family moved from the countryside to Ulaanbaatar in hopes of improving their lives. She immediately began her business selling shoes; she has been running it for ten years. Her husband pushes a carriage around the market in order to deliver goods to customers.

She is requesting a loan of 4,500,000 MNT to purchase building and insulation materials such as bricks, planks, cement, fiberglass, and foam. Using those materials, she can repair and insulate her house, providing a comfortable and warm place for her family. The renovated house will enable the family to burn less coal, releasing fewer pollutants into the air and contributing to the efforts against air pollution. Mrs. Tsetserleg 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 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,447.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,125 helped Tsetserleg to purchase building and insulation materials.
50% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 13, 2013
Currency Exchange Loss:
Possible