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Oyun-Erdene is 33 years old and lives with her 2 children and her husband in the slum district of Ulaanbaatar, the capital city of Mongolia. She works as a bus conductor for a bus service company.

Oyun-Erdene always tries to improve her living condition step by step. Therefore, she is planning to install a new electric heat furnace to replace the coal furnace which is being used currently. She thinks this is a very economical and nature-oriented idea. Then, she will add insulation to the walls of her house because there is too much heat loss in her house. The loan she is taking will be used to make adjustments to her old house.

Oyun-Erdene needs MNT 3,500,000 to purchase and install an electric furnace and buy some building materials for insulation.

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
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Oyun-Erdene buy and install an electric furnace and insulation.
100% repaid
Repayment Term
29 months (Additional Information)
Repayment Schedule
Oct 14, 2011
Oct 30, 2011
Currency Exchange Loss:
Oct 15, 2012