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Mrs. Amarjargal, 35 years old, lives with her children in Ulaanbaatar, capital city of Mongolia. Her husband works in Korea on an employment contract, and transfers money each month in order to help his family's life. She has been selling casual clothes by renting a stall at a market since 2010. Their children go to high school.

She is requesting a loan of 8,000,000 MNT to purchase vacuum insulated windows, hardwood floors, fiberglass, shingles and foam in order to renovate her old house in preparation for the incoming winter. By doing so, her family will live in a comfortable and warm place where they will burn less coal for heating, and release less pollutants into atmosphere.

According to the state research, the burning of coal is the main source of air pollution in Mongolia.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,619.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,950 helped Amarjargal to purchase vacuum insulated windows, hardwood floors, fiberglass, shingles and foam to renovate her old house before the winter.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 7, 2013
Currency Exchange Loss:
Nov 6, 2013