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Chuluuntsetseg, 47 years old, lives with her daughter, son-in-law and granddaughter in an old house in Ulaanbaatar, the capital city of Mongolia. She has been working as a bookkeeper at a private firm since 2008. Her son-in-law renders taxi service to local people for a living. Her daughter stays at home looking after her granddaughter.

She is requesting a loan of 1,100 USD to buy planks, cement, paints and fiberglass for house renovation. After renovation, her family will live in a comfortable and warm place where less coal is burned and fewer 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 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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,100 helped Chuluuntsetseg to buy planks, cement, paints and fiberglass.
68% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
May 1, 2014
May 3, 2014
Currency Exchange Loss: