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Myagmarsuren, 43 years old, lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. The family is currently residing in Mongolian traditional ger(portable felt dwelling) due to house renovation process on a plot of land. Her husband has been rendering transportation service to local people by using his own truck. Her daughter works as a cashier at a private business entity. She herself has been working as a manager for five years and is considered by her fellow workers as a good manager. The house they live in has vulnerable walls through which heat is lost. So she is requesting a loan of 6,000,000 MNT to purchase building and insulation materials such as bricks, planks, cement, fiberglass and foam. Using these materials, she and her husband will repair and insulate their deteriorated house back to a high quality house. The renovated house will enable the family to burn less coal, emit less smoke and then contribute to the efforts against air pollution. The borrower is a very hardworking and caring individual who also wants to plant some trees outside her house as a boost for the environment.

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
  • 1,417.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,250 helped Myagmarsuren to purchase building and insulation materials.
Repayment Term
39 months (Additional Information)
Repayment Schedule
May 24, 2013
May 30, 2013
Currency Exchange Loss:
Jun 29, 2013