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Renchinkhand
Renchinkhand, 29 years old, lives with her husband and son in Kherlen, the easternmost town of Mongolia. She has been working as a cook at a Chinese restaurant since 2008. Her husband renders taxi service to local people. She is requesting a loan of 4,000,000 MNT to buy building materials such as steel, bricks and cement for garage renovation. During winter time, due to a bad quality garage, the car her family uses wastes lots of fuel and emits tons of smoke into the atmosphere. So she wants to renovate her garage and make it a better room for her car.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,399,550
    Funds lent in using Kiva
  • 1,804.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,225 helped Renchinkhand to renovate the garage.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
May 20, 2014
Currency Exchange Loss:
Possible
Expired:
Jun 19, 2014