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Mrs. Myagmarjargal, 39, lives with her husband and four children in Ulaanbaatar, capital city of Mongolia. She is a journalist and works on newspapers at a private firm. Her husband creates brochures and bulletins on orders from clients. Their children are all young and the youngest one goes to kindergarten.

Since winter is coming closer, Myagmarjargal wants to repair and insulate her old house by purchasing building and insulation materials as well as a low-pressure heater. For this cause, she is requesting a loan of MNT 3,000,000.

After renovation, her family will live in a comfortable and warm place where they will burn less coal for heating, thus releasing less pollutants 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 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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,775 helped Myagmarjargal to purchase a low-pressure heater and insulation materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 17, 2013
Sep 20, 2013
Currency Exchange Loss:
Sep 17, 2015