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Bayarmaa is 33 years old and operates a retail business in the shopping center of Ulaanbaatar, the capital of Mongolia. She has been running her business for at least a year. She lives with her family in the ger district, in the boundary of the city, where there are Mongolian nomadic yurts and houses.

Bayarmaa is requesting a loan to finish building her family home. She plans to insulate the walls, which would enable her to reduce the usage of the coal-burning furnace and to stay warmer at home. She is also planning to insulate the roof, due to the heat loss.

With this loan she will pay for building materials such as foam, stone wool and cement for the insulation of her family home.

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 $2,900 helped Bayarmaa to pay for building materials such as foam, stone wool and cement for the insulation of her family home.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Sep 24, 2012
Currency Exchange Loss:
Oct 17, 2014