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Khulan is 33 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in house on plot of land. For the past two consecutive years, Khulan has been selling building and insulation materials, such as bricks, planks, and fiberglass, to local people. Their own house is not connected to a central heating system, and during winter, the family chills down to their cores even though they have completed insulating and renovating their house.

Khulan is requesting a 5,000,000 MNT loan to connect her house with a central heating system. As a result of her loan, her family will live in a comfortable and warm place. More importantly, their renovated house will enable them to be able to burn less coal and emit less smoke which will contribute to efforts against air pollution. Khulan is very hardworking individual who cares deeply for her children's education and 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
  • 1,405.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,575 helped Khulan to connect her house with a central heating system.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 12, 2013
Apr 27, 2013
Currency Exchange Loss:
May 22, 2015