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Ganbat
Mr.Ganbat is 33 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He is a taxi driver. His family live in their own small house in Ulaanbaatar. In 2005, his family moved to Ulaanbaatar from the province in search of a better life and since then he has been driving a taxi. His wife is unemployed at the moment and she is planning to attend a course to develop and improve her skills and then find a job. His wife planting vegetables on their own land plot at the moment.

The house where Ganbat's family live is very old and cold during the winter. Ganbat is planning to renovate his house while warm season is coming. He is hardworking and handy man. The loan he is requesting will be used to buy necessary building materials to renovate his house by laying insulation materials to floor, walls, and roof, fixing windows and doors, and making the house warmer and well insulated.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Ganbat to buy necessary insulation and building materials to renovate his house by laying insulation materials to floor, walls, and roof, fixing windows and doors, and making the house warmer and well insulated.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 13, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012