Check out other loans that are currently fundraising!
Oyunbileg
Oyunbileg, 52 years old, lives with her daughter and son in Ulaanbaatar, the capital city of Mongolia. The family resides in an old house on a plot of land. Three years ago, she retired from work and since that time she has been running her cafeteria. Her son works at the police department as law enforcer. Her daughter is graduating from her university next summer.

Oyunbileg is requesting a loan of 5,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam to renovate her old house as preparation for the coming winter. After renovation, her family will live in a comfortable and warm place where they will burn less coal for heating and release fewer 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.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,619.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $3,100 helped Oyunbileg to purchase building and insulation materials.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 6, 2013