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Jamiyankhorol
Jamiyankhorol, 46, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. The family resides in their two flat brick house on a plot of land.

Jamiyankhorol has been selling coal to local people after purchasing the coal from a mining company during winter, spring and autumn. In the summer, he sells sacks of sand and grit. His wife also sells building materials by renting a stall at a trade center.

Jamiyankhorol has recently begun making extensions to his brick house in order to create more space and comfortable living conditions, so he is requesting a loan of 7,000,000 MNT to purchase building materials, such as bricks, cement, planks, gypsum and fiberglass. As a result, his family will live in a comfortable and warm place. The renovated house will then enable the family to burn less coal, emit less smoke and then contribute to the efforts against air pollution. Jamiyankhorol 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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,900 helped Jamiyankhorol to buy building materials in order to renovate his house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Expired:
Jun 23, 2013