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Erdenetsetseg
Mrs. Erdenetsetseg, 50 years old, lives with her younger son in Ulaanbaatar, the capital city of Mongolia. She has been working as a nurse at a hospital for more than thirty years. Her younger son is an engineer but currently studying in order to advance his degree. She is requesting a loan of 4,000,000 MNT to buy building materials such as cement, planks and fiberglass for a house renovation. After the renovation, she and her younger son will live in a comfortable and warm place where less coal is burned and 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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,808.3
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,225 helped Erdenetsetseg to buy building materials.
36% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible