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Mrs. Munkhzul is 33 years old and lives with her two children in Ulaanbaatar, the capital city of Mongolia. The family resides in an old brick house on a plot of land. Her husband went to Korea on a three year employment contract in October, 2012. She has been working as an assistant cook at a kindergarten for the last two years. Her elder daughter goes to high school while her youngest attends kindergarten. This summer, she began to renovate their house but due to lack of finances, she couldn't finish it in time. So she is requesting a loan of 4,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam. After making repair and insulation using those materials, her family will be able to live in a comfortable and warm place without worrying about the upcoming winter. Also, the family will burn less coal for heating because of insulated walls thus, releasing less pollution 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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Munkhzul to purchase building and insulation materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 25, 2013
Currency Exchange Loss:
Sep 17, 2014