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Mendsaikhan
Mr. Mendsaikhan, 36 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land.
Mendsaikhan has been working as a security worker at a private business entity. His wife works as a cleaner at the same entity.

Together with his brother, he built a two flat house on his plot of land. The house will be used for people who want and seek a lower rent home, and
a comfortable living place. He is requesting a loan of 6,700,000 MNT to purchase insulation materials such as fiberglass, foams, cotton, and cellulose. Using those materials, he can fully insulate the rental house, and people renting this house will burn less coal, emit less smoke, and contribute to efforts against air pollution.

The borrower is very hardworking individual who is concerned about the well being of others.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,750 helped Mendsaikhan to buy insulation for a two flat house.
75% repaid
Repayment Term
30 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 26, 2013
Listed
May 2, 2013
Currency Exchange Loss:
Possible