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Mrs. Erdenetsetseg, 24 years old, lives with her family in Ulaanbaatar, Mongolia. She is a second grade student at university and at the same time she works as teller in supermarket. She has already worked for this company over four years and the company owner has an interest in employing her as an accountant after her graduation. The family lives in house and it has become heavily damaged over time. Also this year her sister will live separately as she is married. So she is requesting the loan of 5,500,000 MNT to buy construction materials and a five-walled traditional Mongolian home for her sister.

As a result, they can repair and insulate their home and her sister can live, with her husband, in brand new Mongolian traditional five-walled home. The traditional home and fixed house will reduce the consumption of coal the family uses and it will emit less smoke to the environment.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,950 helped Erdenetsetseg to repair her home and buy a five-walled Mongolian home.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Dec 10, 2012
Currency Exchange Loss:
Jul 21, 2015