Check out some available loans that are similar to this one!
Munkhbaatar
Mr. Munkhbaatar, 52 years old, lives with his son's family in Ulaanbaatar, the capital city of Mongolia. His wife passed away, when their children were very young. He raised three children on his own, by working hard at a mining company as a truck driver. Today, he still works for this company and transports minerals between ports. His two daughters are both married and live separately.

The house in which Munkhbaatar lives, together with his son's family, has a deteriorated roof and windows. This makes the living space vulnerable to frosts and storms. With winter coming closer, Munkhbaatar is requesting a loan of 2,500,000 MNT, which he will use to purchase shingles, vacuum-insulated windows, and fiberglass insulation. Using those materials, he can renovate the house and make a comfortable and warm place for his grandchildren. More importantly, the renovated house will enable the family to burn less coal for heating, so it will release less pollution into the air. The renovation of the house will contribute to Mongolia's efforts against air pollution. The borrower is a very hardworking individual, who raised three children on his own with his hard work.

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
  • 1,527.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,650 helped Munkhbaatar to purchase shingles, vacuum-insulated windows, and fiberglass, for making his family's home more energy-efficient.
63% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 8, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Possible