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Tsogoo
Mr. Tsogoo, 59 years old, lives with his wife and son in Darkhan, the second largest city of Mongolia. The family resides in an apartment, and he never made any renovations since living there. He has been working as a driver in the branch office of the democratic party of Mongolia for twenty six years. His wife has retired from work and gets a state pension. He is requesting a loan of 7,000,000 MNT to purchase insulation and building materials such as vacuum insulated windows, fiberglass, foam, plates and hardwood floor. After renovating his apartment, his family will live in a comfortable and warm place where heat will be preserved and energy saved.

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
  • 1,685.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,175 helped Tsogoo to purchase building and insulation materials.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 18, 2013