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Jijigee
Mr. Jijigee, age 57, is a librarian for a college in Ulaanbaatar, the capital city of Mongolia. He has been doing his job for many years. He lives with his wife. All of their children moved out of their parents' house.

Mr. Jijigee's house has some problems such as heat loss and damages to the roof and inside the walls. He is planning to make repairs and insulate the walls with rock, wool, cement and foam. He believes his home will be warmer after the insulation and after he adds a new furnace.

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, cold winters where temperatures frequently go below -40 Fahrenheit, 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. Additionally, the extremely toxic smoke from cars is one of the main reasons for Mongolian 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 buy natural gas for cars. The loan Mr. Jijigee is taking will be used to buy building materials for home repair.

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
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,625 helped Jijigee to buy building materials for home repair.
93% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 9, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014