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Otgontsetseg
Mrs. Otgontsetseg, 38 years old, lives with her husband and daughter in an old house on a plot of land in Ulaanbaatar, capital city of Mongolia. She has been working as a cash collector specialist for a private firm since 2010. Her husband is a security officer at a private firm. Their daughter goes to high school.

Mrs. Otgontsetseg is requesting a loan of 4,500,000 MNT to buy a low pressure heater, fiberglass and vacuum insulated windows. After installing the heater and windows and insulating their house with fiberglass, her family will live in a comfortable and warm place where less coal is burned for heating and then fewer pollutants are released into the 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,700 helped Otgontsetseg to install a low pressure heater and vacuum insulated windows.
97% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015