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Zorigtkhuu
Mr. Zorigtkhuu, 49 years old, lives with his family in Kherlen district, Mongolia. The family resides in their own house, on a plot of land. He has been working as a sentry at a private business entity since 2005. The house they live in has been deteriorating over the years and needs some serious repair. So, he is requesting a loan of 3,000,000 MNT. He will use the loan to purchase insulation and building materials, such as fiberglass, foam, bricks and cement.

As a result of the renovations financed with this loan, the family will live in a warm and comfortable place, and more importantly, the renovated house will enable the family to burn less coal, contributing to the efforts against air pollution. The borrower is a very hard-working individual, who strives for 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
  • 1,389.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Zorigtkhuu to purchase insulation and building materials, such as fiberglass, foam and bricks.
86% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015