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Beezandan
Mr. Beezandan, 57, works as a watchman in a primary school. Before this, he used to work as a driver. All of his children moved out from their parent’s house. Now he lives with his wife and nephew in Kherlen, an eastern boundary town in Mongolia. One of his daughters lives in Ulaanbaatar, the capital city of Mongolia. Recently, his daughter purchased a plot of land and an old house in the 'ger' district (ger is a Mongolian nomadic tent). The house needed a complete renovation or repair. Especially, she is planning to replace its windows to double-glazed ones first due to too much heat loss and emissions through the old ones. But she lacks money to cover the cost of new windows.

Her father Beezandan decided to help his daughter to repair her home. She believes her house will become warmer and the cost of coal will be cut notably. Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C (-40F) even in the cities. Also, in winter, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. As well, the extremely toxic smoke from the cars is a main reason of Mongolia's air pollution.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss, improve heating systems and to buy the cars running on natural gas. The loan Beezandan is taking will be used to cover the cost of the new double-glazed windows for his daughter’s 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,327.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Beezandan to cover the cost of new double-glazed windows for his daughter’s house.
90% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014