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Erdenechimeg
Mrs. Erdenechimeg, 54 years old, lives with her oldest son in Erdenet, the third largest city of Mongolia. Her other three children all got married and live on their own. Her husband passed away in 2006 and since then she has carried the burden of raising four children. She has been working as a crane operator at copper enrichment facility for thirty six years. Her oldest son has also worked as a serviceman at the same facility, for six years.



The apartment she and her son live in, has deteriorated over the years. So she is requesting a loan of 6000000 MNT to purchase hardwood floors, vacuum insulated windows, wallpaper, fiberglass and foam to renovate. By doing so she and her son will live in a comfortable and warm place. More importantly, the family will burn less coal, release less pollutants and 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,567.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,850 helped Erdenechimeg to purchase hardwood floors, vacuum insulated windows, fiberglass.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014