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Mendsaikhan
Mendsaikhan, 43 years old, lives with her husband and three children in an old house on fenced land in Erdenet, the third largest city of Mongolia. She has been working as an operator at a carpet factory since 2011. Her husband also works at the same factory and he has held the position of assistant overseer for over nine years. Their children all study at university.

She is requesting a loan of 4,000,000 MNT to buy building and insulation materials such as bricks, cement, fiberglass and foam. Her house has deteriorated over the years and she wants to renovate it before winter. After renovation, her family can live in a comfortable and warm place where they don't need to burn much coal for heating. The burning of coal is considered to be the main cause of air pollution and the reduction of it will contribute to the efforts against air pollution as less pollutants are released into the atmosphere. The borrower is a very hardworking 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 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,620.7
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,475 helped Mendsaikhan to buy building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 8, 2013