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Baasankhuu is 47 years old, and she sells small home appliances at shopping center. She has been running her business for six years successfully.

She lives with her husband and her two kids in an old house that was built many years ago. Her house is small and suffers heat loss in winter always through its walls and door. Therefore she decided to make an extension to her house with the bricks and cement. It will reduce the heat loss further, and her house will be warmer after the repair. She thinks that it will let her cut her coal usage in the future.

The loan she is taking will be used to cover the cost of building materials to make extension or add insulation to her small house.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Baasankhuu to cover the cost of building materials to make extension or insulation to her small house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2012
Sep 24, 2012
Currency Exchange Loss:
Apr 16, 2014