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Tsogzolmaa
Mrs Tsogzolmaa, 58 years old, lives alone in Ulaanbaatar, the capital city of Mongolia. Her elder daughter studies in the USA. Her second daughter got married and lives separately. Tsogzolmaa's youngest daughter works in Korea on an employment contract. Tsogzolmaa herself has been running a grocery store for twelve years. The house she lives in has deteriorated and it needs some serious repair. So Tsogzolmaa is requesting a loan of 4000000 MNT to purchase building materials such as bricks, cements, planks, vacuum insulated windows, and fibreglass. By doing so, she can live in a warm and comfortable place; in winter time, storm and wind were getting through the windows and walls. The renovated house will enable Tsogzolmaa to burn less coal for heating, thus releasing less pollutants into the air, which will contribute to the efforts against air pollution.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,520.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Tsogzolmaa to purchase building and insulation materials.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible