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Ganchimeg
Mrs. Ganchimeg, 47 years old, lives with her husband and two children in Darkhan, the second largest city of Mongolia. She has been working as a cook at a restaurant since 2011. Her husband supplies meat to a sausage factory. Their two children both have the profession of electrical engineers and work at power plants.

The house they live in has deteriorated over the years and it needs some serious repair. She is requesting a loan of 1,000,000 MNT to buy building materials such as bricks, cement, planks and fiberglass for house renovation. As a result, her family will live in a comfortable and warm place where less coal is burned, and then fewer pollutants are released 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 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
  • 1,811.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ganchimeg to buy building materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2015