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Natsagdorj
Mr. Natsagdorj is 55 years old and lives with his wife in Kherlen, the largest city in eastern Mongolia. He has worked as a driver in the Mongolian general department of taxation for 28 years. Now he is a pensioner. His wife, Tserendulam, 52 years old, works as a cleaner in the Mongolian general department of taxation.

Mr. Natsagdorj owns a plot of land and a house on it. He wants to repair his wooden house. Before the winter comes, they need to repair the house's exterior. As it is, they need to use a lot of coal to stay warm. This is why Mongolia is one of the worst countries for air pollution.

He is a requesting a loan of 3,000,000 MNT to purchase construction materials such as paint, bricks and cement.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,390.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,175 helped Natsagdorj to repair the outside of his house.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 7, 2012