Check out other loans that are currently fundraising!
Gombojav
Mr. Gombojav, 24 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been working as a manager in an advertisement and decoration business since 2011. His wife has a bachelor's degree as a programmer, but now cares for her children, 1 and 3 years old, at home. The family resides in a house on their own land. Gombojav has a spirit guide within himself and invokes in a separate ger (Mongolian traditional yurt).

As winter comes to Mongolia, the family's house becomes frozen due to vulnerable walls and doors and chills the family to its core. Gombojav is requesting a loan of 5,000,000 MNT to buy foam as an insulating material and a storm door. This will enable the family to live in a comfortable place and reduce their consumption of coal, thus drastically contributing to the efforts against air pollution.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Gombojav to buy insulating material and a storm door.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015