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Delgertsogt
Mr. Delgertsogt, who is 27 years old, lives with his wife, two children, and father-in-law in an old house on a plot of land in Ulaanbaatar, capital city of Mongolia.

He has been working as an assistant in a building company for two years. His wife is a cook by profession but currently is staying at home looking after their children. His father-in-law is a sentry at a university and gets a retirement pension.

The house they live in has deteriorated over the years, and it needs some serious repair as winter approaches. So Delgertsogt is requesting a loan of MNT 4,300,000 to purchase building and insulation materials, such as bricks, cements, planks, fiberglass, and foam. Using those materials, he can finally repair and insulate his house, thus creating a comfortable and warm place for his family.

Also the renovated house will enable the family to burn less coal for heating, and reduced coal usage has positive impact on environment as fewer pollutants will be released into atmosphere.

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
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,550 helped Delgertsogt to purchase building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 20, 2013