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Tumendalai
Mr. Tumendalai, 47 years-old, lives with his family in Darkhan, the second largest city in Mongolia. The family resides in an apartment.

From 1983 to 1990, he worked as a serviceman at a private business entity. In 1990, he began rendering passenger transportation service to local people, usually traveling between Ulaanbaatar and Darkhan. His wife has been working as a laboratory technician since 1988 and is considered by her superiors as the best staff.

The apartment they live in has been deteriorating over they years without any renovation and in 2010, he purchased it and made shallow repairs. Now he is requesting a loan of 3000000 MNT in order to purchase vacuum insulated windows, hardwood floors and fiberglass. As a result, the family will live in comfortable and warm place. More importantly, they will preserve lot of energy previously used for heating. 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 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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,100 helped Tumendalai to purchase vacuum insulated windows, hardwood floors and fiberglass.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Possible
Expired:
Jun 28, 2013