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Ganbold
Mr. Ganbold, 51 years old, lives with his wife in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. He has been driving a firetruck for eight consecutive years. His wife has been selling nails to local people for ten years and has accumulated a vast amount of experience in nail sales.

Last year, he and his wife built their own house on their land but the house is losing its heat through the door. So he is requesting a loan of 3,500,000 MNT to purchase building materials such as planks, metal and cement. Using these materials, he can build a barn which will be attached to the house door and will reduce heat loss through the door. If the house stops losing its heat, the family won't burn as much coal and will contribute to the efforts against air pollution by releasing less smoke. 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 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 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

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,450 helped Ganbold to purchase building materials such as planks, metal and cement.
92% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014