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Enkh-Ochir
Mr. Enkh-ochir is 49 years old and lives with his wife and son in Ulaanbaatar, Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land. His wife has the position of manager at a private business entity. His son is a monk and after studying Buddhism in India, came back to Mongolia so that he can teach at the school of religion. Enkh-ochir has been working as a serviceman at the police auto service department for five consequent years. Before working at the police auto service department, he worked at other auto service centers in Ulaanbaatar. During his free time, using his vast amount of experience in auto service, he renders auto service to local people. During this time of year, construction materials are at its cheapest price so he is requesting a loan of 1000000 MNT to buy them. Using the construction materials, he wants to build his own house, which is way better than living in a ger, in many ways such as comfort, warmth and space.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Enkh-Ochir to purchase construction materials to build his own home.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014