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Mr. Purevjav, 55 years old, lives with her husband and two daughters in Ulaanbaatar, capital city of Mongolia. She has been fortunetelling since 1997 and large number of people visits her per day. Her husband renders taxi service to local people. Her elder sells casual clothes by renting stall at trade center. The house they live in has been deteriorated over the years and they decided to make renovation and extension in preparation for incoming winter. So she is requesting a loan of 7000000 MNT to buy necessary building and insulation materials such as bricks, cements, fiberglass and foam. After renovation and extension, the family will live in comfortable and warm place where less coal is burned and less pollutants are released 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.


About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,632.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,300 helped Purevjav to buy building and insulation materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 4, 2013
Oct 10, 2013
Currency Exchange Loss:
Nov 9, 2013