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Tumenjargal, 37 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. For four years she and her husband have been rendering transportation services to local people using their chartered bus. Her husband drives the bus while she works as a conductor.

Last year, they purchased land where they built their house. However, due to lack of finances, they couldn't afford to finish it completely. So Tumenjargal is requesting a loan of 6,900,000 MNT to purchase necessary building and insulation materials, such as bricks, planks, foam, fiberglass and cement. Using these materials, she can complete the unfinished job and add insulation to its walls and roof.

As a result, her family can live in a warm and comfortable place, which will enable the family to burn less coal and emit less smoke, thus contributing to the efforts against air pollution. Tumenjargal is a very hardworking individual who strives for a better future.

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
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,925 helped Tumenjargal to purchase building and insulation materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 3, 2013
Apr 8, 2013
Currency Exchange Loss:
May 18, 2015