Update on Gal-ErdeneMr. Gal-Erdene, 42, lives with his wife and two children in the ger district of Ulaanbaatar, the capital city of Mongolia, an area of the city with no running water, minimal roads and spotty electricity. Gal-Erdene has has been running a taxi around the districts of Ulaanbaatar since June of 2011, previously having conducted a retailing business in the Russian border towns. His wife works as a teacher in the kindergarten. His six-year-old son is disabled and receives the child allowance from the government.
Living in the ger in winter is cold, and Gal-Erdene's children always get sick because of that cold. He has therefore started to build a house for his family and plans to install double-glazed vacuum windows in his new home to reduce coal fuel costs and pollution.
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 -40C (-40F) and snow storms occur. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night as families just try to stay warm. As well, the extremely toxic emissions from cars are a major contributor to 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 cars that operate on natural gas.
Previous Loan DetailsMr. Gal-Erdene is 41 years old. He works as a taxi driver and lives with his wife and his children in the slum district of Ulaanbaatar, the capital city of Mongolia. Mr. Gal-Erdene has been running his business since June 2011, and he works in two shifts. The first starts at eight in the morning ... More from Gal-Erdene's previous loan »
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 MongolCredit 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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