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Enkhtuul
Mrs. Enkhtuul is 45 years old and lives with her family in Ulaanbaatar, capital city of Mongolia. The family resides in house on plot of land. She has been selling clothes to Russians for thirteen years. She imports clothes in large quantity at lower price from China and later sells them at higher price. The gap between the prices becomes her income, which can hardly afford to sustain family needs. The house the family lives in has been deteriorating over the years and it needs some serious repair. So she is requesting a loan of 7000000 MNT to purchase building and insulation materials such as bricks, fiberglass, cements, foam and planks. Using those materials, She and her sons can repair and insulate their house, thereby creating a comfortable and warm place to live. The renovated house will enable the family to burn less coal and release less pollutants therefore contributing to the efforts against air pollution. The borrower is 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,527.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,600 helped Enkhtuul to purchase building and insulation materials.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015