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Mrs Namuun is 22 years old and lives with her brother in Ulaanbaatar, capital city of Mongolia. The siblings reside in their own house on a plot of land.

She has been working as a foreign relations manager and translator at a private business entity for one year and she says she is learning a lot of things from her colleagues. Her brother works at a construction site.

The house they live in has been deteriorating over the years and needs some serious repair work because in winter time, they are chilled to the bone. So she is requesting a loan of 6,000,000 MNT to purchase vacuum insulated windows, hardwood floors, shingles and a metal door.

Installing those items into her house will create a comfortable and warm place to live. Also, the renovated house will reduce their coal consumption; thus releasing less pollutants, which contributes to the clean air efforts.

The borrower is a very hard-working 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
  • 1,420.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,225 helped Namuun to purchase vacuum insulated windows, hardwood floors, shingles and a metal door.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 13, 2013
Jun 18, 2013
Currency Exchange Loss:
Jul 21, 2015