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Tsogbadrakh
Tsogbadrakh, 45 years old, lives with his wife and children in Erdenet, the third largest city of Mongolia. The family resides in its own house on plot of land. He has been working as a welder at a mining company for thirteen years and is considered to be one of the best workers by his superiors. His wife had been running a clothes sales business but recently stopped this activity.

He is requesting a loan of 2500000 MNT to purchase planks, metals, blocks and shingles in order to repair his house and outer gate. As a result, he and his family can live in a comfortable and warm place. More importantly the family will begin to burn less coal for heating thus releasing less pollutants into air and contributing to the efforts against air pollution. 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.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,750 helped Tsogbadrakh to purchase planks, metals, blocks and shingles.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible