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Baigalmaa
Mrs. Baigalmaa, 47 years old, lives with her husband and son in Ulaanbaatar, capital city of Mongolia. She has been helping her husband's business by working as a conductor for a microvan service since 2006. Her husband is a very experienced driver and before self-employment, he worked at a private company as a driver. Their son goes to high school and next year he will sit university entrance exams.

Mrs. Baigalmaa is requesting a loan of 3,000,000 MNT to buy building materials such as bricks, cement, and planks for house renovation. Her house has deteriorated over the years and during wintertime, her family burns lots of coal in order not to freeze. Also, burning coal is the main source of air pollution in Mongolia according to the clean air institution.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,826.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,650 helped Baigalmaa to renovate her house.
59% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
Possible