A loan of $4,875 helped to purchase construction materials such as bricks, planks and cement.

Munkhbayar's story

Mr. Munkhbayar, 26 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. The family has inherited a house and plot of land from Munkhbayar’s father. The house has deteriorated over the years and needs some serious repair.

Munkhbayar has been running a men’s clothing sales business by renting a stall at the trade center since 2006. His stall is better located than the rest of the stalls, and it gave him an edge to attract more permanent customers.

Munkhbayar is requesting a loan of 6,750,000 MNT to purchase construction materials such as planks, cement, bricks and metals. These construction materials will be used for house renovation. As a result, the family can live in a comfortable and warm place. Also, buying materials now will spare a large amount of cash because during this period of the year, the price of construction materials reaches its lowest level.

Most importantly, the renovated house will enable the family to burn less coal, thus contributing to the efforts against air pollution. Munkhbayar is a very hardworking individual who strives for a better future for the sake of his family.

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Loan details