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Odgerel, 25 years old, lives with her husband in Kherlen, the easternmost town of Mongolia. She holds the position of manager at a trading company. Her husband works at a mining company as a plumber. She is requesting a loan of 2500 USD to buy building materials such as bricks, cement, fiberglass and foam for house renovation. After the renovation, she and her husband will live in a comfortable and warm place where less coal is burned for heating. Reduced coal usage means less air pollution.

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.

About Mongolia

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,500 helped Odgerel to renovate her house.
Repayment Term
39 months (Additional Information)
Repayment Schedule
Apr 29, 2014
May 2, 2014
Currency Exchange Loss:
Jun 1, 2014