Check out some available loans that are similar to this one!
Enkhbaatar
Mr. Enkhbaatar, 49 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He has the position of a driver at a private business entity and he has already worked for two years. His main duty is to carry the chief executive officer to his destination. His wife works at a fuel station and his elder son is a second-year student at a university. His younger son goes to high school. The house the family lives in has deteriorated over the years and needs some serious repair. So, he is requesting a loan of 2,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam. As a result, the family can live in a warm and comfortable place. Also, the renovated house will enable the family to 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

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
  • 1,424.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,425 helped Enkhbaatar to purchase building and insulation materials.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible