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Ganchimeg, 29 years old, lives with her parents in an old house on a plot of land in Ulaanbaatar, the capital city of Mongolia. She has been working as a janitor at a hotel since 2007. Her mother is a cook at a catering company.

The house her family lives in has deteriorated over the years so Ganchimeg is requesting a loan of 7,000,000 MNT to buy building and insulation materials such as bricks, cement, fiberglass, and foam for her house renovation. After the renovation, her family will live in a comfortable and warm place where less coal is burned and less pollution is released into the air. The burning of coal is the main source of air pollution according to the state research department.

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
  • 1,683.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,175 helped Ganchimeg to buy building materials such as bricks, cement, fiberglass, and foam for her house renovation.
72% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Nov 1, 2013
Currency Exchange Loss: