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Ariunaa, 44, is cook and she runs a small eating house in the downtown of Ulaanbaatar, the capital city of Mongolia. Since 2006 she has been running her business; before this she used to work as a chief cook in another restaurant.

She lives with her husband and her daughter on her plot of land in the ger district, an area of the city with no running water, minimal roads and spotty electricity. She has three old houses on her plot of land and she rents two of them. But lately her houses have been in very bad condition and need repairs. So she wants to take a loan to buy the building materials for the repairs of her old houses.

She is planning to insulate the walls of her own living house first. Because it becomes very cold inside the house without wall insulation, it costs too much money for the smoky coal needed to warm the inside of the house.

Also lack of insulation has a bad effect on the air of the city. Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters, when temperatures frequently go below -40C (-40F), even in the cities. Also, in summer, many parts of the country are extremely cold and are known to have snowstorms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Ariunaa is taking will be dedicated to buying building materials to make repairs and to insulate the walls of her house to reduce heat loss and emissions.

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
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Ariunaa to buy building materials to make repairs and to insulate the walls of her house to reduce heat loss and emissions.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 25, 2012
May 28, 2012
Currency Exchange Loss:
Jan 17, 2014