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Ankhbayar
Mr. Ankhbayar is 27 years old, and lives with his wife, two children and parents-in-law in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on fenced land. His wife works as a cashier at a grocery store. His mother-in-law has retired from work and gets a state pension. His father-in-law prepares harvests wood. He himself has been rendering taxi services to local people for two consecutive years and accumulated enough experience to pick good customers, know the shortcut roads and carry his customers quickly to their destination. The house they live in has been deteriorated over the years and needs some serious repair. As you can see in his photo, the house has very vulnerable windows, roof and walls and during the harsh winter time, the family is cold down to their cores and in order to not freeze in their house, they burn lots of coal for heating. He is requesting a loan of 4,000,000 MNT to purchase building and insulation materials such as bricks, metals, fiberglass, foam and planks. Using those materials, he can repair and insulate his house. The renovated house will certainly enable the family to live in a warm and comfortable place as well as burn less coal, emit less smoke and contribute 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
  • 20
    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 $2,850 helped Ankhbayar to purchase building and insulation materials to repair his house.
68% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible