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Anar
Anar is 24 years old and lives with his mother, wife and child in Ulaanbaatar, the capital city of Mongolia. His mother has retired from work and gets a state pension. His wife recently gave birth and now stays at home looking after her baby. Anar graduated two years ago from university and is now working as an electric engineer at a heat station. He is requesting a loan of 7000000 MNT to purchase vacuum-insulated windows, a low-pressure heater and building materials such as bricks, cement and planks. The house they live in has been deteriorating over the years and in the winter time, wind seeps through walls and frost forms around the windows, shattering them. Anar will install vacuum-insulated windows in place of the old ones and build an extension to his house providing more space and reducing heat loss. The renovated house will enable the family to live in a comfortable and warm place. Also. the family will burn less coal for heating thus releasing less pollutants into air, contributing to the efforts against air pollution.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,450.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,850 helped Anar to purchase vacuum-insulated windows, a low-pressure heater and other building materials.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2015