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Munkhbayasgalan
Mrs. Munkhbayasgalan, 38 years old, lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. The family resides in a house on a plot of land. She has been working as a bookkeeper in a building company for one year. Her husband provides taxi service to the local people. The house they live in was built last year. Due to a lack of capital, they haven't finished the roof. So she is requesting a loan of 2,500,000 MNT to purchase shingles and planks. After completing the roof repair, the family will live in a comfortable and warm place without worrying about the coming winter. Also they will burn less coal by minimizing heat loss through the roof. Reducing coal usage has a positive impact on the environment as fewer pollutants are released into the atmosphere.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,685.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,500 helped Munkhbayasgalan to purchase shingles and planks.
99% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015