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Tsetsenbayar
Mrs. Tsetsenbayar is 31 years old and lives with her spouse and child in Ulaanbaatar, the capital city of Mongolia. She lives in a Mongolian ger (traditional nomads felt tent). She is a skilled hairdresser and has been working for two years in a local salon. Her husband is a taxi driver. Their only child goes to kindergarten. She is requesting a loan of 1,500,000 MNT (Mongolian tugrigs) to repair and buy an extra (additional) felt roof for her ger. If she renews her ger and buys an extra felt roof, her family will feel comfortable and stay warm in the Mongolian harsh winter while using less coal, which increases air pollution in her country.

Additional Information

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 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

  • $2,175
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,812.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $850 helped Tsetsenbayar to renew her ger (Mongolian nomadic felt tent) and buy an extra felt roof.
51% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
Possible