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Narantuya
Narantuya is 45 years old, and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been transporting students of a particular high school from their homes to school for ten years. Her husband is a carpenter and crafts and sells wooden products. Their two children are both students at university.

This summer, she and her husband began to repair their old house by dismantling its roof and windows as well as some walls. But due to finance, they couldn't finish their renovation, so she is requesting a loan of 4,700,000 MNT to buy necessary planks, shingles, vacuum insulated windows, as well as an iron door. After renovation, her family will live in a comfortable and warm place without worrying about the oncoming winter. Also they will begin burning 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 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,602.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Narantuya to purchase planks, windows and door to renovate her house.
48% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
Possible