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Lkhagva-Ochir
Mr. Lkhagva-Ochir, is 69-years-old and lives with his wife in Ulaanbaatar, the capital city of Mongolia. Together with his children, he owns a three-flat apartment and rents two of the flats to business organizations.

Over the years, the apartment walls, roof and windows have deteriorated and the apartment no longer keeps the heat well.

Mr. Lkhagva-Ochir is requesting a loan of 2,500,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass, shingles and foam. With these materials, Mr. Lkhagva-Ochir, together with his children, can repair and insulate their old apartment.

All the income generated by the family comes from rental fees paid by the two business organizations. The renovation will make the working environment better and preserve energy more efficiently.

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 Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,520.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,650 helped Lkhagva-Ochir to purchase building and insulation materials.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015