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Mrs. Tumurtogoo, 48 years old, lives with her husband and son in an old brick house on a plot of land in Ulaanbaatar, capital city of Mongolia. She has been teaching at elementary school since 2009. Her husband and son are cobblers and work at a shoe-making factory. She is requesting a loan of 5,000,000 MNT to purchase bricks, cement, vacuum insulated windows, hardwood floors and fiberglass. Using those materials, she and her husband will repair and insulate their old brick house. As a result, the family will burn less coal for heating thus releasing less pollutants into the atmosphere.

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
  • 1,619.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,100 helped Tumurtogoo to purchase bricks, cement, vacuum insulated windows, hardwood floors, and fiberglass.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 31, 2013
Oct 7, 2013
Currency Exchange Loss:
Nov 6, 2013