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Tuya
Tuya, 43 years old, lives with her three children, son-in-law and grandson in Ulaanbaatar, the capital city of Mongolia. She has been working as a janitor at a private firm since 2010. Her younger daughter studies economics at the university and her son goes to high school. Her elder daughter has a position of manager at a private firm and her son-in-law is a cook at a restaurant. The house they live in has been deteriorated over the years and can't accommodate all of them appropriately. Tuya is requesting a loan of 6,000,000 MNT to buy building and insulation materials for house renovation and expansion. By doing so, her family shall live in a comfortable and warm place where less coal is burned and less 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 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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,722.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,500 helped Tuya to buy building and insulation materials.
72% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2013
Listed
Dec 7, 2013
Currency Exchange Loss:
Possible