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Altantsetseg, aged 42, is a sewer in a textile product company in Mongolia. Since 1992 she has been working continuously for this company and she is one of the skilful masters. Her husband works as a plumber. She lives with her husband and her two children in her common apartment which was built in the communist era in Mongolia. It has two rooms and has never been completely repaired or renovated. Also, much heat is lost through the windows and walls in winter time which is very harmful to their health and money. In winter, Altantsetseg usually uses the furnace that uses smoky coal and other kinds of fuel just to stay warm. Therefore, she has decided to repair her apartment by insulating the walls and windows. The wall insulation will be made from cement, rock wool and other insulation materials. At her calculation, it will cost about 4,000,000 MNT for all the costs.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries. This is due to the long cold winters where temperatures frequently go below -40 degrees Celsius (-40 degrees Fahrenheit) 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 who are simply trying to stay warm. As well, the extremely toxic smoke from cars is one of main reasons for Mongolian air pollution.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems and also so they can buy cars that run on natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and the health of Mongolians. The loan that Altantsetseg is taking out will be used to buy the building and insulation materials to repair her apartment.

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
  • 1,330.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,025 helped Altantsetseg to buy building and insulation materials to repair her apartment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 25, 2012
Jun 28, 2012
Currency Exchange Loss:
Jul 17, 2014