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Lkhagva-Ochir
Mr. Lkhagva-Ochir, 31, is a single man who lives with his grandmother, mother and younger sister. Since 2011, he has been working as an auto engineer at a local company. He is an open-minded, hardworking guy who has high goals for himself. However, his mother and grandmother are pensioners, and Lkhagva-ochir is the one who earns income for his family. They live in a ger, a traditional Mongolian tent. As you know, Mongolia is one of the coldest countries in the world and borders with Siberia to the north. Before the winter comes, they need to change their old ger.
They use coal to stay warm. This explains why Mongolia is one of the worst countries in the world for air pollution. He says that they consume 6 tons of coal to overcome the cold in the winter. This determines the amount of carbon dioxide they emit into the environment. Lkhagva-Ochir is requesting a loan of 2,300,000 MNT to buy a new ger. By doing this, his ger will be warm and comfortable, and they will burn less coal.

Additional Information

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,382.3
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,675 helped Lkhagva-Ochir buy new a new ger (a traditional Mongolian tent).
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013