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Mrs. Narantsetseg is a 46-year-old woman who lives with her husband and daughter in their own apartment in Ulaanbaatar, the capital city of Mongolia. She had worked as a contract worker in Korea for several years. In 2006, she came back home and purchased an apartment. Now she operates a clothing store in the central city, a business she started almost two years ago. She purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. Months ago her daughter started to help her purchase products from Ereen. She said, "My customers are mainly young people. Sometimes I couldn’t understand world design. But my daughter makes good choices so that customers are always happy." Narantsetseg is requesting a 5,000,000 MNT loan to improve her family's living conditions. Her apartment is upstairs. The roof is sagging. The wallpaper in all of the rooms is worn and has a musty smell. She wants to repair the roof and the walls. A comfortable apartment will create a warmer atmosphere and bring happiness to her family every single day.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,600 helped Narantsetseg to repair her apartment's roof and walls.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 10, 2012
Nov 8, 2012
Currency Exchange Loss:
Dec 8, 2012