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Myagmar
Myagmar, 31 years old, lives with her husband and two children in Darkhan, the second largest city in Mongolia. She has been selling shoes to local people at a bazaar since 2010. Her husband breeds domesticated birds and sells them to farms.

The roof on their house was damaged by heavy rain during the summer and the overall quality of their house has declined due to many years of use. Myagmar is requesting a loan of 8,000,000 MNT to buy shingles, vacuum-insulated windows, hardwood floors, bricks, fiberglass, and foam for their house renovation. After renovation, her family will 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 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.

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,689.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,750 helped Myagmar to renovate her house.
38% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 16, 2013
Currency Exchange Loss:
Possible