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Mrs. Bolortuya, 29 years old, lives alone in an old house in Ulaanbaatar, capital city of Mongolia. In 2010, she and her husband had a traffic accident and unfortunately her husband died. Her daughter is five years old and lives with her parents in the countryside. Two years ago, Bolortuya began working as a manager at a private firm.

Now, she is requesting a loan of MNT 7,700,000 to buy building and insulation materials, such as bricks, cement, fiberglass, and foam, to renovate her old house.

After renovation, Bolortuya wants to bring her daughter back to Ulaanbaatar to educate her in kindergarten. Also, the renovated house will enable the duo to burn less coal for heating, thus releasing 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 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
  • $15,445,050
    Funds lent in using Kiva
  • 1,630.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,725 helped Bolortuya to buy building and insulation materials.
53% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 2, 2013
Oct 8, 2013
Currency Exchange Loss: