Update on AltangerelAltangerel is 52 years old. She lives with her two sons in Ulaanbaatar, the capital city of Mongolia. Altangerel is a saleswoman at a building company and is considered very talented by her superiors. Her older son helps his mother by providing a taxi service to local people.
Altangerel is requesting a 3,000 USD loan to buy building materials such as planks, cement, and bricks for a house extension. Her extension will provide additional space for her son's new family and reduce heat loss through its additional insulation.
Previous Loan DetailsMrs. Altangerel, who is 51 years old, lives with her two sons in Ulaanbaatar, capital city of Mongolia. She has been working as a saleswoman in a building company since 2010. Her husband passed away last year; he had taken five loans from our organization and was one of our trusted clients. Her e... More from Altangerel's previous loan »
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 MongolCredit 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
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.
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