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Oyunbat is 45 years old and a welder in the carpet factory in Erdenet, the third largest city in Mongolia. He has been doing his job since 1993 nonstop, and he has become one of the skilful, experienced workers in the company.

He lives with his wife and three children in his house, which is in the ger district (gers are Mongolian nomadic yurts). His son and daughter are students at the college, and his wife has worked as a builder since 1999.

Oyunbat’s family owns an old house, which is rundown and loses heat. In winter his family always feels cold and gets sick because it is so chilly at home. He wants to repair some parts of his house. His plan includes rebuilding his floor by cement; insulating the inside walls with foam and glass-wool; repairing his roof with metal sheets, and installing electric floor heating panels. As he expects, the house will be warmer and more comfortable for his family to live in. Also he mentioned cutting his coal-fired furnace after the repairs.

He needs about 6,500,000 MNT to cover the cost of building materials needed to repair to his poor old house. In addition, he and his wife will repair the house themselves.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD