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Mrs. Khishig-Togtokh, 41 years old, lives with her husband and son in Erdenet, the third largest city of Mongolia. She has been working as barber since 1994. Her husband is engineer and works at a construction site. Their son studies at university.

She is requesting a loan of 2,000,000 MNT to buy and install an electric heater in her house. As a result, her family will live in warmer house and burn less coal for heating, emitting less smoke 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 Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,812.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,125 helped Khishig-Togtokh to buy and install an electric heater in her house.
91% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 30, 2014
Jun 9, 2014
Currency Exchange Loss: