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Mrs. Ariungerel, 35 years old, lives with her husband and children in Ulaanbaatar, capital city of Mongolia. They live in their own apartment. She has been running a clothing sales business since 2009 and has accumulated a vast amount of experience in importing clothes from China, collecting materials used for customs and selling clothing. Her husband has been driving customers to their destination between Ulaanbaatar and other cities for four years using his own automobile.

In 2013, they purchased their apartment which had deteriorated over the years and needs some serious repair. So she is requesting a loan of 6,000,000 MNT to purchase building and insulation materials such as gypsum, hardwood floors, fiberglass and foam. Using these materials, her husband can repair and insulate their apartment. As a result, the family can live in a comfortable and warm place which will enable the family to conserve energy and contribute to energy efficiency. The borrower 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
  • 1,418.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,250 helped Ariungerel to purchase building and insulation materials.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
May 20, 2013
May 23, 2013
Currency Exchange Loss:
Feb 17, 2015