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Tsogtsaikhan
Tsogtsaikhan is 53 years old and lives with his wife and three children in his old wooden house in Ulaanbaatar, the capital of Mongolia. Since 2002, he has worked as an operator in a construction company. Since 1984 his wife has worked as a technologist in a bread and candy factory. Now, due its old age, his house is in incredibly poor condition. During the last year, he burned a large amount of coal to warm the house to overcome the winter cold. So, before the winter, he has planned to repair the roof, to change doors and windows and fix the outside of house by using energy-saving materials like foam, glass-wool, double-glazed windows and bricks. Tsogtsaikhan is requesting 5,000,000 MNT loan to buy energy-saving materials for his house in order to cut the usage of coal and contribute to efforts to save the environment.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,600 helped Tsogtsaikhan to buy energy-saving materials for his house in order to cut the usage of coal and contribute to efforts to save the environment.
58% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible