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Munkhjargal
Munkhjargal, 29 years old, lives with her husband and daughter in an old house on fenced land in Darkhan, the second largest city of Mongolia. She is a railroad engineer at a train station and she has been working there for seven years. Her husband works at a private company. Her daughter goes to kindergarten. She is requesting a loan of 3,000,000 MNT to buy building and insulation materials such as shingles, bricks, fiberglass and foam. Using those materials, she and her husband want to repair and insulate their house. After renovation, her family will live in a comfortable and warm place where they won't burn as much coal for heating, which has positive impact on the environment 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,650.4
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,825 helped Munkhjargal to buy building and insulation materials.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible