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Aadar
Mr. Aadar, 53 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on plot of land. He has been rendering taxi services to local people for ten consecutive years and has accumulated a vast amount of experience in this service. His wife rents small cafeteria. Two months ago, his daughter was employed in the mobile industry.

The house they live in has deteriorated over the years; especially the interior components - such as floor and walls - have become so vulnerable to strong winds, storms, and frosts. So, he is requesting a loan of 5000000 MNT to purchase building and insulation materials such as fiberglass, foam, bricks, and cement. Using those materials, he can repair his house, providing his family with warmer and more comfortable accommodations. The renovated house will enable the family to burn less coal, emit less smoke, thus contributing to the efforts against air pollution.

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 Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,407.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,575 helped Aadar to purchase building and insulation materials such as fiberglass, foam, planks, and bricks.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2015