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Chuluun
Mrs. Chuluun, 32 years old, lives with her husband and two sons in Ulaanbaatar, the capital city of Mongolia. She has been working as an accountant at one of the branches of the military department for nine years. Her husband transports goods, especially coal during winter, between districts for a living.

The house her family lives in has been deteriorating over the years. So, she is requesting a loan of 4000,000 MNT to buy building and insulation materials, such as bricks, cement, fiberglass and foam, for house renovation. After the renovation, her family will live in a comfortable and warm place where less coal is burned, and then fewer pollutants would be released into the air.

The borrower is a very hardworking individual who strives for a better future.

Additional Information

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,400 helped Chuluun to buy building and insulation materials.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015