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Sarantuul
Mrs. Sarantuul, 38 years old, lives with her two sons in Ulaanbaatar, capital city of Mongolia. Her husband has been working in Korea on and employment contract for a long time. Her younger son has a disability and he needs constant care. Sarantuul began selling clothes to local people by renting a stall at a trade center in autumn, 2012.

The house the family lives in has been deteriorated over the years and it needs some serious repair. For this cause, she is requesting a loan of MNT 4,000,000 to purchase building and insulation materials, such as bricks, cement, fiberglass, and foam. Using those materials, Sarantuul, together with her elder son, will repair and insulate their house. The renovated house will enable the family to burn less coal for heating and emit less smoke into the atmosphere.

According to a national research department, almost all the air pollution results from extensive burning of coal, so that measurements to reduce coal usage are taking place around the city by encouraging people to insulate their houses with high quality materials.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,567.4
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,575 helped Sarantuul to purchase building and insulation materials for her house.
51% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible