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Mrs. Munkhtuya, 37 years old, lives with her family in Ulaanbaatar, the capital city of Mongolia. The family resides in a house on a plot of land. She and her co-worker had worked as cashiers at a supermarket between 1998 and 2008. In 2009, they began their own business by bringing goods from China and supplying them to trade centers. Once a month, they travel to China to get their goods, and later she distributes the goods to clients.

The house her family lives in has deteriorated over the years, and it needs some serious repair. So, she is requesting a loan of 8,000,000 MNT to install vacuum-insulated windows, hardwood floors and a low-pressure heater in her house, as well as to insulate her house by purchasing fiberglass and foam.

As a result, her family will live in a comfortable and warm place where less coal is used for heating, so that fewer pollutants are released into the air. The burning of coal is the main source of air pollution in Mongolia, according to state research.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,630.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,925 helped Munkhtuya to install hardwood floors, vacuum-insulated windows and a low-pressure heater.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 7, 2013
Currency Exchange Loss:
Nov 6, 2013