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Mrs. Jargalsaikhan, 50 years old, lives with her son in Ulaanbaatar, the capital city of Mongolia. They live in an old house on a plot of land. Her elder son lives separately from her as he got married. Her younger son is a third year student at university and is currently working at a furniture making facility as an assistant. She herself has been working as a cook at a cafeteria for two years. She is requesting a loan of 2,500,000 MNT to purchase building materials such as shingles and fiberglass.

The house roof has become so vulnerable it doesn't protect from rain drops or snow. After renovation she, together with her son, will live in a comfortable and warm place. They will also burn less coal for heating, thus releasing less pollutants and contributing 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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,559.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,625 helped Jargalsaikhan to purchase building materials.
60% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 25, 2013
Aug 28, 2013
Currency Exchange Loss: