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Mrs. Suvd-Erdene, 34-years-old, lives with her husband and daughter in Darkhan, the second largest city of Mongolia. She has been working as a nurse at a local hospital since 2011. Her husband has the profession of serviceman at a power plant. The house they live in has deteriorated over the years so she is requesting a loan of 2,000,000 MNT to buy bricks, cement, fiberglass, and foam to renovate her house. After the renovation, her family will live in a comfortable and warm place where less coal is burned and then less pollutants are released into 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,811.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,125 helped Suvd-Erdene to buy bricks, cement, fiberglass, and foam.
61% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 26, 2014
May 30, 2014
Currency Exchange Loss: