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Munkhtsetseg
Munkhtsetseg is 41 years old and lives with her husband and two daughters in Ulaanbaatar, the capital city of Mongolia. The family resides in old house on plot of land. She and her husband have been selling beef to local people by renting a stall at the outdoor market. Her two daughters both go to high school. The house they live in has been deteriorating for years so she decided to renovate and build an extension to her house. For this project, she is requesting a loan of 5000000 MNT to purchase building and insulation materials such as bricks, cement, planks and fiberglass as well as vacuum insulated windows and hardwood flooring. Using those materials, she and her husband will renovate and build an extension to their house before winter. The renovated house will enable the family to burn less coal for heating thus releasing less pollutants into atmosphere. The borrower is a very hard-working individual who strives for a better future.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,599.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,150 helped Munkhtsetseg to purchase building and insulation materials.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
Possible