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Gankhuyag
Mr. Gankhuyag, 30 years old, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. Two years ago he purchased a plot of land from his brother and built his own house there.

He has been transporting goods between cities. Before this business, he had worked as distribution manager at an ice cream factory. Currently his wife is unemployed and stays at home looking after the children.

The house Gankhuyag built two years ago is losing its heat through door parts, so he is planning to make an extension to the house by building a barn. For this, he is requesting a loan of 3,500,000 MNT to purchase building materials such as planks, bricks and cement. By doing so, he will effectively stop the heat loss from the house. As a result, his family will reduce its coal consumption, release fewer pollutants and contribute 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 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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,527.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,300 helped Gankhuyag to make an extension to his house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 14, 2013