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Mrs. Tsetsegmaa, 50 years old, lives with her husband and two daughters in Ulaanbaatar, the capital city of Mongolia. She has been working at a private business entity since 2002 and, in 2007, she began working as a bookkeeper. Her husband has been working as a driver at the same entity since 2001. Her daughter was employed as a field manager in 2012. Even though the family owns a house on their own land, they live in a traditional Mongolian ger (portable felt tent). Because the house has no heating system, the family chills down to the core in wintertime. So she is requesting a loan of 1,200,000 MNT to install a heating system in the floor of house. The installation of the heating system will permit the family to burn less coal, thus contributing to the efforts to combat air pollution. The borrower is a very hard-working individual who wants to move with her family into their house before the traditional Mongolian holiday known as White Moon Comes.

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
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Tsetsegmaa to install a heating system in her home.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 14, 2013
Currency Exchange Loss:
Sep 17, 2013