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Sarantuya
Mrs. Sarantuya, 47 years old, lives with her husband and son in an old wooden house on a plot of land in Kherlen, which is in the easternmost province of Mongolia. She has been sewing and selling clothes to local people since 1998. Her husband provides transportation services and her son works as a sentry for a private company. The wooden house they live in has been deteriorating over the years and it needs some serious repair. So she is requesting a loan of 3,000,000 MNT to buy building and insulation materials such as bricks, cements, planks, fiberglass and foam. Using those materials, she and her husband will repair and insulate their old wooden house. The renovated house will reduce the overall usage of coal for heating thus releasing less pollutants into atmosphere which is significant contribution to the efforts against air pollution. The borrower is very hardworking individual who wants to improve her family's life.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,614.3
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,875 helped Sarantuya to buy building and insulation materials.
47% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2013
Listed
Sep 7, 2013
Currency Exchange Loss:
Possible