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Sainsanaa
Mr. Sainsanaa, 37 years old, lives with his wife and three children in Ulaanbaatar, capital city of Mongolia. The family resides in their own house which was built last autumn. In June 2012 he began running newspaper, magazine and mobile phone sales, renting a shop at a trade center.

Currently his wife is operating this shop because in October 2012 he began purchasing heads and intestines of livestock from brokers and then cleaning and classifying them. In the end he sells them to customers and some outdoor markets. Also he uses some of them in his family's daily food. One time he said that by using livestock intestines in food, the family really decreased their food expenses significantly. Even though he has been running his intestine sales business for just three months, he has already attracted quite a number of clients.

The house they live in is incompletely built and in wintertime, it really loses its heat, and as a result the family gets chilled to their core. The house needs its roof to be covered with metal, walls to be insulated both from inside and outside, and floors to be molded. So Sainsanaa is requesting a loan of 2,000,000 MNT to purchase metal, glass cotton, bricks and cement. As a result, the family will be able to live in a comfortable and warm place and most importantly, the house will preserve its energy and enable the family to burn less coal, thus contributing to the effort against air pollution.

The borrower is a very hardworking individual who greatly cares about his children's education.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Sainsanaa to purchase glass cotton, bricks, cement and metal.
90% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014