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Mrs. Nyamtsetseg, 29 years old, lives with her husband and children in Ulaanbaatar, capital city of Mongolia. She has been working as an operator at a private firm since 2012 and recently took her maternity leave. Her husband delivers pizza around the city. She is requesting a loan of 3,000,000 MNT to purchase vacuum insulated windows, hardwood floors, bricks, cement and fiberglass. Using those materials, her husband will do the renovation to their old house, making it a comfortable and warm place. Due to less heat loss through walls and windows, the family will begin to burn less coal for heating thus releasing fewer 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

Success!! The loan was 100% repaid

A loan of $1,875 helped Nyamtsetseg to purchase building and insulation materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 31, 2013
Oct 7, 2013
Currency Exchange Loss:
Dec 17, 2014