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Orgil-Erdene
Mr. Orgil-Erdene is 26 years old and lives with his wife and two children in their wooden house in Ulaanbaatar, the capital city of Mongolia. Since 2010, he has worked as an electrical engineer at a local company. His wife works as a shop assistant.

A couple of years ago, he built a wooden house. He is asking for 2,500,000 MNT (Mongolian tugriks) to set in a floor heating system. By doing this, his house will be warm and comfortable, and they will burn less coal than usual. And also, his children can play on the floor with him.

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 Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,382.3
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Orgil-Erdene to set in a floor heating system so he will burn less coal than usual.
93% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014