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Update on Amartsengel

Amartsengel, age 44, has been working as bookkeeper since 2008. Her husband offers taxi services to the local people. Their children both go to high school. The family lives in Kherlen, in the eastern province of Mongolia.

She used part of her previous loan to pay for her mother's treatment because her mother was nearly on the verge of death. She also built the general framework for her house. Now she is requesting a loan in the amount of 2240 USD, which she will use to buy necessary building materials such as bricks, cement, and planks. As a result, her family will live in a warm and comfortable place where less coal is burned, resulting in fewer pollutants being released into the air.

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

Previous Loan Details

Mrs. Amartsengel is 42 years old and lives with her family in Kherlen, the biggest city of the eastern province of Mongolia. She has been working as a bookkeeper in a local private company since 2008, and her husband, Namsrai, has been running a taxi business in his home town. They have two child... More from Amartsengel's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,250 helped Amartsengel to buy necessary building materials for completing her house, such as bricks, cement, and planks.
28% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Mar 12, 2014
Currency Exchange Loss: