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Tserendulam
Mrs. Tserendulam, 38 years old, lives with her husband and children in Ulaanbaatar, capital city of Mongolia. The family resides in an apartment. She and her husband have been selling meat to local people since 2000, and accumulated a vast amount of experience in preserving meat and selling it. Their children go to high school.

They live in the lowest floor of the apartment, and as winter is coming closer, she wants to renovate her home. So she is requesting a loan of 8,000,000 MNT to buy vacuum insulated windows, hardwood floors, fiberglass and foam. Using these materials, she wants to repair and insulate her home.

The renovated house will enable the family to burn less coal for heating and release 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,619.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,950 helped Tserendulam to buy vacuum insulated windows, hardwood floors, fiberglass, and foam to repair and insulate her home before winter.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014