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Mrs. Urangoo, 25 years old, lives with her husband in Ulaanbaatar, capital city of Mongolia. She graduated from physical training college as a teacher in 2009. She has been working as a teacher in physical training at a high school since 2010. Her husband is a sales manager at a private business entity.

She is requesting a loan of 1,500,000 MNT to purchase insulation materials such as fiberglass and foam. The couple currently lives in a one-room apartment which loses its heat and becomes cold during wintertime. After insulation, she and her husband can live in a comfortable and warm place.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,554.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Urangoo to insulate her one-room apartment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Aug 19, 2013
Currency Exchange Loss:
Aug 17, 2015