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Mrs. Tsetsegmaa, 53, is retired and lives with her husband in Kherlen, a boundary town in western Mongolia.

She used to work as a military woman and retired three years ago. She owns an old house, which was built in the early 1970s and now she wants to make some adjustments to her old and uncomfortable house to live in.
It needs some necessary building materials for wall insulation and to change the roof. The loan she is taking will be dedicated to purchasing the building materials required for house repair and to covering the cost of hired workers.

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
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Tsetsegmaa to purchase the building materials required for house repair and to cover the cost of hired workers.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 27, 2012
Jan 31, 2012
Currency Exchange Loss:
Dec 15, 2012