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Altangerel
Mr. Altangerel is 32 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a traditional Mongolian ger (portable felt dwelling) on his fenced land.

He has been working as a concrete mason at a building company for four consecutive years. His wife also works at the same company as a member of the construction armature crew. His eldest child is five years old and youngest child is three years old.

He is requesting a loan of 3000000 MNT to purchase building materials, such as planks, cement, bricks and metals to build a house on his land. In doing so, the family can live in a comfortable and warm place, where they will burn less coal; thus contributing to efforts against air pollution by emitting less smoke.

Also, at this time of year, the price of building materials generally reaches its lowest rate and purchasing building materials now will save large amounts of money for him. 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 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Altangerel to purchase building materials, such as cement, planks and bricks.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014