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Unurbat
Mr. Unurbat, 31 years old, lives with his son and wife in Ulaanbaatar, capital city of Mongolia. His wife has a position in logistics monitoring professionals in the air traffic industry. His son goes to kindergarten. He himself has been working as a senior professional at the department of information and advertisement in the free trade zone. The apartment the family live in has been flooded with rain numerous times due to its weak ceiling. Also because of vulnerable windows and walls, the family is chilled to their core in winter time.

For these reasons, Mr. Unurbat is requesting a loan of 3,000,000 MNT to purchase building materials such as wallpaper, vacuum insulated windows, ceilings and fiber glass for insulation and repair of the house. As a result, the family will be able to live in a warm and comfortable place in winter. The renovated house will have the benefit of not losing its heat and thus preserving energy. The borrower is a very hardworking individual who strives for a better future.

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
  • 1,394.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Unurbat to purchase wallpaper, vacuum insulated windows, ceilings and fiberglass.
89% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Mar 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014