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Ganchudur
Ganchudur is 37 years old and lives with his family in Dornod, the eastern-most province of Mongolia. The family resides in their own house on fenced land.

Ganchudur has been working as a driver at a mining and resource business entity for five years. His colleagues acknowledge him as one of the best workers and they respect him greatly. He also renders taxi services to local people during his free time.

The house and fences that the family owns, have been deteriorating over the years and need some improvements. So, Ganchudur is requesting a loan of 1,000,000 MNT to purchase building materials such as cement, bricks and planks. Renovating his house will enable the family to burn less coal during winter time, thus contributing to the efforts against air pollution. Ganchudur is a very hardworking individual who alone generates his whole family's income.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $725 helped Ganchudur to purchase building materials such as cement, bricks and planks to improve his house and surrounding fences.
78% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Possible