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Namjargal
Namjargal, age 26, lives with her mother in an old and deteriorating house in a fenced area in Ulaanbaatar, the capital city of Mongolia. She has been working as a cook in a restaurant since 2009. Her mother has retired from work and gets a small state pension.

The house they live in has deteriorated badly over the years and needs some serious repair. For this reason, Namjarga is requesting a loan in the amount of 3,000,000 MNT. She will use her loan funds to purchase building and insulation materials such as bricks, cements, fiberglass, and foam. Using these materials, she and her mother will repair and insulate their house. This will allow them to live in a warm and comfortable home where they can burn less coal and release fewer pollutants.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,667.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,800 helped Namjargal to purchase building and insulation materials to repair her deteriorating house.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014