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Amarsaikhan
Amarsaikhan is 48 years old and lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in an old house on a plot of land. For 23 years, Amarsaikhan has been a serviceman at a high school. His wife is a sentry at a private business entity. Over the years, their house has deteriorated and it currently needs some serious repair.

Amarsaikhan is requesting a 5,000,000 MNT loan to purchase building and insulation materials such as bricks, cement, fiberglass, and foam. After this renovation, his family will live in a comfortable and warm place and will burn less coal for heating. This reduction in coal usage will have a positive impact on environment as fewer pollutants will be released into atmosphere. Amarsaikhan is a very hardworking individual who strives for 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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,687.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,975 helped Amarsaikhan to purchase building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 16, 2013