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Tugsjargal
Mr. Tugsjargal, 48, has worked as a watchman for the last six consecutive years. He lives with his wife and his two children in their small and old house, which is in the ger district. His house is a Mongolian nomadic traditional yurt located in Kherlen, a Mongolian eastern city. His wife feeds chickens in her back yard. Tugsjargal is requesting a loan to repair and insulate the walls of his house. Most of the parts of his house have gotten old and are uncomfortable to live in. Insulating the wall will reduce the heat loss in the winter. He believes it will also cut his family’s smoky coal usage and emission of poisonous smoke into the air as well as save on heating costs. Air quality is at a dangerous level in the cities around Mongolia and it is one of the biggest problems faced by the Mongolian government at the moment. The loan will be used to buy building materials to make repairs and insulate the walls of his old, bad house.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,550 helped Tugsjargal to buy building materials to repair his house.
84% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
May 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015