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Odmaa is 50 years old and lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. She has been selling jewellery to local people at the trade center since 2002. Her husband has a disability and gets a state pension. Their daughter goes to high school and their eldest son studies at university in China.

The house they live in has deteriorated over the years and it needs some serious repair. So she is requesting a loan of 8000000 MNT to buy building and insulation materials such as bricks, cements, fibreglass and foam to renovate her house. As a result, her family will live in comfortable and warm place where less coal is burned and then less pollutants are released into atmosphere.

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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,630.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,925 helped Odmaa to buy building and insulation materials.
Repayment Term
39 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 7, 2013
Currency Exchange Loss:
Nov 6, 2013