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Mrs. Erdenechimeg is 40 years old and lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. Her husband renders taxi service to local people using his own automobile. Before rendering taxi service, he was doing construction maintenance work in the summertime. Since 2010, she has been working as a neonatologist at maternity house. Two years ago, the family purchased a plot of land, and recently they have begun to build a house. But due to lack of finance the interior decoration work remains, so she is requesting a loan of 3,000,000 MNT to purchase the necessary construction materials. As a result, the family can live in a comfortable place, and the completely insulated house will enable them to burn less coal, thus contributing to the efforts against air pollution.

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
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Erdenechimeg to purchase construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 2, 2013
Jan 7, 2013
Currency Exchange Loss:
Feb 17, 2015