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Mrs. Narantuya, 26, has worked as a technician in a food factory in Ulaanbaatar, the capital city of Mongolia, for over six years. She is a young mother who lives with her family in a house in an industrial district of Ulaanbaatar. She has been living in this house since she was a child. For the most part, the house has been become very old and damaged. Therefore Narantuya is planning to make some repairs and renovation to the house before this winter. She will use the loan to purchase the necessary building materials for the renovations.

Additional Information

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
  • 1,412.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Narantuya to purchase building materials to renovate her house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 10, 2012
Jan 26, 2012
Currency Exchange Loss:
Dec 15, 2012