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Natsagdorj
Mr. Natsagdorj, 42 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house, on a plot of land. His wife works as a saleswoman at a superstore. Natsagdorj has been working as a weigh man and driver for a private business, which renders services in customs and transportation. Also, he transports goods from one place to another place using his micro van.

The house his family lives in has been deteriorating over the years and needs some serious repair work. During this season, the prices of building materials are at their lowest, so Natsagdorj wants to purchase building materials now, such as bricks, cement, wood planks, and metals. In addition to repairing the house, he wants to build a garage on his land, because during the winter time, the vehicle left outside becomes less efficient, using more fuel and emitting more smoke to the environment.

Concerning the above-mentioned reasons, he is requesting a loan of 5,000,000 MNT to cover the costs of repairing the house and building a garage. As a result, his insulated and renovated house will enable the family to burn less coal, and his newly-built garage will protect his micro van from strong storms and frosts, thus ensuring the efficient operation of the vehicle. All of those actions can contribute to efforts against air pollution, and will give the family the comfortable, warm house they need.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,625 helped Natsagdorj to purchase building materials, such as bricks, cement and planks, for repairing the house and adding a garage.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015