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Altantuya
Mrs. Altantuya, 39 years old, lives with her cohabitant in Ulaanbaatar, capital city of Mongolia. She has divorced her husband and her son now lives with her father in a border city between Mongolia and China. She has been working as a conductor on a bus since 2008. She is requesting a loan of 7000000 MNT to purchase building and insulation materials such as bricks, cements, planks, fiberglass and foam. Using those materials, she will repair and insulate her house thus improving her living environment. Also the renovated house will enable the couple to burn less coal for heating thus releasing less pollutants into 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 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,667.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,200 helped Altantuya to purchase building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 28, 2013