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Munkhsanaa
Mr. Munkhsanaa, 31, is a plumber and taxi driver. He has been working as a plumber since 2005 and also runs a taxi service when he has days off because his salary as a plumber does not meet his family's needs. There are three people in his family, including his daughter and wife. They live in a ger (a nomadic Mongolian traditional tent) located in Darkhan, the second largest city of Mongolia.

Last February, he started building a new house on his land, but it is still not finished in due to the lack of money for purchasing some necessary building materials. The building is approximately 70% complete, especially the wall insulation materials such as tapestry bricks, bead and steam-heated floor. Adding insulation to the walls is important to reduce the harm from coal fuel use. Otherwise he will use the electric-heating system in his house instead of the coal used chimney. According his plan, he will finish his house building before this winter if possible.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,294.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Munkhsanaa to purchase some necessary building materials to add insulation to his house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Oct 30, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012