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Mrs. Oyunchimeg, 44, is one of the hardworking women. She works as a seamstress in a tailoring shop. Actually, she and her husband are the builders. Recently they bought a small land plot with an old house in the ger district, an area of the city with no running water, minimal roads, and spotty electricity in Ulaanbaatar, the capital city of Mongolia.

Then she demolished the old house and started a family house, building with grey bricks. She and her husband are planning to build their new house with the special wall insulation of rock wool, wooden boards, foam, cement, and red bricks etc.

As they think, it will reduce the usage of the coal-fired stove or furnace in the future. The loan she is requesting will be dedicated to pay for the building materials for the wall 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
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,350 helped Oyunchimeg to pay for the building materials for the wall insulation.
100% repaid
Repayment Term
30 months (Additional Information)
Repayment Schedule
Sep 5, 2012
Sep 20, 2012
Currency Exchange Loss:
Feb 17, 2015