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Boldmaa
Mrs. Boldmaa, who is 30 years old, lives with her mother and son in Ulaanbaatar, capital city of Mongolia. She has divorced her husband, who now lives separately in another place. Her mother has retired from work and gets a state pension.

Boldmaa has run a grocery store since 2004, so she is quite experienced. The house they live in has deteriorated over the years, so she is requesting a loan of MNT 7,000,000 to buy bricks, cement, fiberglass, sand, shingles, vacuum-insulated windows, and foam for house renovation.

As a result, her family will live in a comfortable and warm place where less coal is burned and then fewer 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 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
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,200 helped Boldmaa to buy building materials to renovate her house.
87% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible