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Zoljargal
Mr. Zoljargal is 30 years old Geologist. He lives with his wife and only son Munkhjin 6, in Ulaanbaatar, the capital city of Mongolia. Zoljargal works in an "Asian elephant" company as a geologist. His family own a plot of land and a small family house. Zoljargal,s job has a seasonal character and he works as a geologist from April till end of November and in his of season time, he carries people as a taxi using his family car earning some extra money. The house in which he lives is quite old and needs some renovation: completely replacing the floor, putting insulation to the walls and roof and doing interior decoration. By doing this he can save on heating cost and in same time reducing emission of poisonous gases to the air. The recent survey show that Ulaanbaatar city's air quality is in dangerous level, especially in winter time, few times exceeding the normal level. The loan Mr.Zoljargal is requesting will be used to buy insulation materials, laminated floor and other necessary building materials to make the house warmer and well insulated from the cold.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,210.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Zoljargal to buy insulation materials, laminated floor and other necessary building materials to make the house warmer and well insulated from the cold.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
Apr 24, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011