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Ganbaatar
Ganbaatar, aged 50, lives with his family in Ulaanbaatar, the capital city of Mongolia. He has been making and selling ornament boxes to local people for 19 consecutive years and he likes his profession. After graduating from university, his son can contribute to the generation of family income by working.

The family lives in an old house on a plot of land. Their house has been deteriorating over the years and, especially in winter time, family members are chilled to the bone due to the vulnerable walls and door. So Ganbaatar is requesting a loan of 5,000,000 MNT to purchase building and insulation materials such as bricks, planks, fiberglass and foam. Using these materials, he can repair and insulate his house thus providing comfortable and warm accommodation for his family. Renovating the house will enable the family to burn less coal thus emitting less smoke and contributing to the efforts against air pollution. Ganbaatar is a very hard-working 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,575 helped Ganbaatar to purchase building and insulation materials.
85% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015