Check out some available loans that are similar to this one!
Oyunchimeg
Mrs. Oyunchimeg, 40 years old, lives with her husband and children in Ulaanbaatar, the capital city of Mongolia. The family resides in an old house on a plot of land. She has been working as an assistant cook at a restaurant since 2009. Her husband renders a taxi service to local people.

The house her family lives in has deteriorated over the years, so she is requesting a loan to renovate her house. The loan of 4000000 MNT will be used for buying necessary building materials such as bricks, cement, fiberglass, and foam. After the renovation her family will burn less coal for heating, 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 gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,642.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,450 helped Oyunchimeg to buy building materials to renovate her house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 11, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 10, 2013