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Tuya
Mrs. Tuya, 43 years old, lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. She has been running a pawnshop for three years. Her husband renders services, such as recharging printers and canons for his client organizations.

She is requesting a loan of 5,000,000 MNT to purchase building and insulation materials, such as bricks, cements, fiberglass, and foam, in order to renovate her old house. By doing so, her family will live in a comfortable and warm place where they burn less coal for heating, thus releasing less pollutants into the atmosphere.

The borrower is a very hardworking individual who strives for 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,700.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,950 helped Tuya to purchase building and insulation materials, such as bricks, cements, fiberglass, and foam, to renovate her old house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 23, 2013