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Lkhagvasuren
Mr. Lkhagvasuren, 43 years old, lives in his own house on a plot of land in Ulaanbaatar, the capital city of Mongolia. His wife studies Korean at the university and, during her free time, she does part-time work. He himself has been working as a machinist since 1994, and he is considered to be one of the most experienced workers in his employer’s company. He is applying for a loan of 6,000,000 MNT to buy and install a composting toilet in the bathroom. Using composting oil will remove any ugly odor from the atmosphere, reduce water consumption, and have other benefits. Those are the just the few examples of the advantages of a composting toilet. These environmentally-friendly toilets are the main need in households where central sanitation is not available. 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.

Tags

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 $4,225 helped Lkhagvasuren to buy and install a composting toilet.
57% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible