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Ider
Mr. Ider, 40 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi services to the local people since 2012. His wife is a nurse and works at a hospital. Their eldest son studies at high school and younger son is in Kindergarten. He is requesting a loan of 3,800,000 MNT to purchase wooden doors, tiles and a bathtub. Recently, he made renovations to his apartment, but due to lack of finances, he didn't manage to repair the house fully. After repairing his bathroom, his family will live in a comfortable and warm place without worrying about the incoming winter.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,685.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,275 helped Ider to purchase tiles, wooden doors and a bathtub.
Repayment Term
29 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 18, 2013