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Geser
Mr. Geser, 52, is a taxi driver around the Kherlen, a western boundary town of Mongolia. He lives with his wife and his three kids in the boundary side of the city. He has been running his business since 2005 and his earnings are not enough to provide for his family and cover their expenses.

His family owns an old house which was built in early 1990. Since it was built, no repairs or renovations have been made to it generally. Lately his house has became very old and damaged all over. Especially, all the windows have broken over the last several years. Therefore it loses the heat to outside through the windows. Due to this, his home becomes very cold during the wintertime.

Geser is taking a loan to purchase new windows to replace the old ones in his house.

Additional Information

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Geser to purchase new windows to replace the old ones in his house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012