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Soyoltsetseg
Soyoltsetseg, 34 years old, lives with her brother's family in Ulaanbaatar, capital city of Mongolia. She has been working as a food technologist at a bread factory since 2012. Her brother has the profession of a welder and works at a power plant. Her brother's wife is currently unemployed and stays at home looking after their two children ages 3 and 1 year. The house they live in has been deteriorating over the years and it needs some renovation. So she is requesting a loan of 5,000,000 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 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,702.1
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Soyoltsetseg to renovate her house.
40% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2014
Listed
Jan 19, 2014
Currency Exchange Loss:
Possible