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Sarangerel
Mrs. Sarangerel, 42 years old, lives with her three children in Ulaanbaatar, the capital city of Mongolia. She has been rendering taxi service to local people since 2004 and before that business, she had worked as a saleswoman at a grocery store. Her elder daughter studies in drama college. The house they live in has deteriorated over the years and loses heat through its walls and windows. She is requesting a loan of 2,500,000 MNT to buy a low pressure heater and vacuum-insulated windows. The burning of coal is the main source of air pollution in Mongolia according to state research center. After installing a heater and windows, Mrs. Sarangerel's family will live in a comfortable and warm place where less coal is burned and less pollutants are released.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,654.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,525 helped Sarangerel to buy a low pressure heater and vacuum-insulated windows.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
Possible