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Mrs. Bolormaa is 36-years-old and lives with her husband and three children in Ulaanbaatar, capital city of Mongolia. She teaches Mongolian language to students at high school and recently took her maternity leave. Her husband has a position of an operator at a mining company. She is requesting a loan of 3,000,000 MNT to purchase vacuum insulated windows, shingles, hardwood floors and fiberglass. Using those materials, she wants to renovate her wooden house as preparation for the upcoming winter. After renovation, her family will live in a comfortable and warm place where they won't burn much coal, thus releasing less pollutants into air.

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.


About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,630.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,850 helped Bolormaa to purchase vacuum insulated windows, shingles, and fiberglass to renovate her house.
39% repaid
Repayment Term
36 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 6, 2013
Currency Exchange Loss: