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Tungalag, 50, is a hairdresser, and she lives with her husband and a daughter in their own old house, which is located in the slum district of Ulaanbaatar, the capital city of Mongolia.

She has been running her barbershop for five years and works hard everyday. Sometimes she works as a cook when she has less work load.

Their house has been becoming old and it has been losing heat lately, so they need to make some adjustments. She decided to renovate and insulate the walls of house because Mongolian winter is freezing cold and unhealthy to live. Also there will be no heat loss after insulating and that will save on spending for fuel or firewood.

Therefore, she is requesting a loan to purchase building materials to renovate and insulate her house.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,254.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Tungalag to purchase building materials to renovate and insulate her house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 9, 2011
Sep 20, 2011
Currency Exchange Loss:
Mar 15, 2013