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Sereeter
Mr. Sereeter, 49 years old, lives with his wife and son in an old house on a plot of land in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people using his automobile for seven years. Prior to this he worked as a driver for a private company for 5 years. His wife is a cook and works in a restaurant. Their son studies at a university.

Mr. Sereeter is requesting a loan of 2,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam. Using those materials, he will repair and insulate his house. After renovation, his family will reduce the amount of coal they burn for heating and release fewer pollutants into air. 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,650.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Sereeter to buy building and insulation materials.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
May 21, 2014