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Munkhnasan
Munkhnasan is 28 years old and lives with his mother and sister in a one-room apartment in Darkhan, the second largest city of Mongolia. He has worked as a railroader since 2008 nonstop. His sister studies at a local university and his mother is a pensioner. His sister does part-time jobs and is now working as a waitress in a cafe in her spare time.

Munkhnasan is requesting a 600,000 MNT loan to replace his old wooden windows with double-glazed new ones because his house gets colder in the wintertime due to the heat loss through the windows. As a son who loves his mother, Munkhnasan doesn’t want to let her catch cold. By doing these improvements, his house will be comfortable and warm to live in, and most importantly his house will save energy, which passes through the windows.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,378.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Munkhnasan to replace his old wooden windows with double-glazed new ones.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 25, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013