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Ganbileg
Mr. Ganbileg is 31 years old and lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. The family currently resides in a rental apartment. Mr. Ganbileg has been running an automobile repair shop since 2009 and had purchased all of the necessary equipment from China. His wife has been working at a grocery store before selling clothes at a trade center.

His wife is pregnant and needs some work near her home. In 2009, he purchased an old wooden house and land from someone and this year he decided to move into this house. So he is requesting a loan of 6,000,000 MNT to purchase building and insulation materials such as fiberglass, bricks, foam, and planks. Using those materials, he can repair and update his old wooden house. The renovated house will enable the family to burn less coal and release 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 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
  • 1,407.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,275 helped Ganbileg to purchase building and insulation materials for his house.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible