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Tumur-Ochir
Tumur-Ochir is 53 years old and lives with his wife, two daughters, son-in-law, and grandson in Ulaanbaatar, the capital city of Mongolia. The family resides in their old house on ring-fenced land.

Tumur-Ochir has been working as an electrician since 1999 at a private business where his wife is employed as a cook. His elder daughter currently stays at home looking after her 4-year-old son. His son-in-law previously worked in China on an employment contract, and came back to Mongolia in January.

The house this extended family lives in has been deteriorating over the years and needs some serious repair. Tumur-Ochir is requesting a loan of 7,000,000 MNT to purchase putty, paint, concrete blocks, bricks, cement, and sand. Using these materials, he can repair the old house so that it looks good and is energy efficient.

The renovated house will enable the family to burn less coal and emit less smoke, which will contribute to the efforts against air pollution. The borrower 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,429.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,900 helped Tumur-Ochir to purchase concrete blocks, bricks, cement, and sand.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible