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Ochirtamga
Mr. Ochirtamga, 55 years old, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own old house on a plot of land. He has been working as a machinist, a driver and a plumber at private business entities since 2002 and accumulated a vast amount of work experience. His wife also works as a janitor at the same place where he works, and they met there and eventually got married. The house they live in has been deteriorating over the years and needs some serious repair.

So he is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, vacuum insulated windows, hardwood floors, shingles for roofing, fiberglass, foam and a metal door. Using these materials, he can repair and insulate his house, thus providing more comfortable and warmer accommodations for his family members. Also, the renovated house will enable the family to reduce their coal consumption greatly, thus contributing directly to the efforts against air pollution by releasing less pollutants. 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 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.

About Mongolia

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,900 helped Ochirtamga to purchase building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 7, 2013