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Mrs. Sarangoo, 24 years old, lives with her husband in Ulaanbaatar, the capital city of Mongolia. The couple runs a handicraft business, and before shifting to a private business they had been working as hand-crafters in an art company for two years. They use waste materials to craft their products, and it has a positive impact on the environment.

As winter comes to Mongolia, their newly built house is vulnerable to strong wind and frost, so she is requesting the loan of 6,000,000 MNT (Mongolian tugriks) to buy construction materials and a low-pressure cooker, which cooks food faster than conventional pans, thus preserving energy. A high-quality house after the repair will stop heat loss and preserve energy. All these are great contributions to the environmental protection efforts.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,300 helped Sarangoo to buy construction materials to protect her house from strong wind and frost.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Dec 13, 2012
Currency Exchange Loss:
Jan 17, 2015