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Tungalag
Mrs. Tungalag, 41 years old, lives with her parents and sisters in an old house on a plot of land in Ulaanbaatar, capital city of Mongolia.

She has been working in a textile factory since 2012. Her husband works in Korea on an employment contract. Her parents both have retired from work and get state pension.

The house they live in has been deteriorating over the years and it needs some serious repair. So she is requesting a loan of 3,500,000 MNT to purchase vacuum insulated windows, hardwood floors, and fiberglass.

Installing windows and floors as well as insulating with fiberglass will make the house more comfortable and a warmer place for living. Also, the family will burn less coal thus releasing less pollutants into air.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    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 $2,150 helped Tungalag to purchase vacuum insulated windows, hardwood floors, and fiberglass to make the house more comfortable and a warmer place for living.
80% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2013
Listed
Oct 8, 2013
Currency Exchange Loss:
Possible