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Purevjil
Mr. Purevjil is a 50-year-old man living with his family in their small wooden house in Kherlen, the third largest city in Mongolia. He built his house with wood many years ago. Because the house is old and has thin walls, his family uses a large amount of charcoal to heat their house compared with other households in the area.



Since 2003 he has been working as a taxi-driver; his wife doesn’t have a job. During the winter months, he sometimes goes to the countryside to buy meat from herders, which he sells at a local market for profits. Purevjil explains that he cares for his car as if the car was a member of his family, in large part because it is the only piece of equipment they own which brings income to their family. His family would face many challenges if the car were to break down.



Starting this year, he needs to earn more income because his older son will begin his studies at a university located in Ulaanbaatar, the capital. Plus, his younger son studies at a local school.



Therefore, Purevijl is seeking a loan, before the winter begins, to work on his house and to better protect his car from the elements. Specifically, Purevjil is planning to use the loan proceeds to thicken his house's walls and to build a garage for his car. He would build the garage on one side of the house, which ought to cut down on his family's charcoal usage (and prevent or at least delay the car’s breakdown). By taking these steps, he will be able to improve his family's living conditions.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,300 helped Purevjil to improve his family's house (by thickening the walls) and to both protect his car and cut down on his family's reliance on charcoal (by building a garage).
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 12, 2012