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Ankhbayar
Mr. Ankhbayar, 37 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been working as a security officer at a private firm for seven years. His wife has the position of sales manager at a chain store. Both of their children go to high school.

Over the years, his house has deteriorated and this summer he began making renovations on his house, but due to lack of finance he didn't finish it. So he is requesting a loan of 5,000,000 MNT to purchase vacuum insulated windows, an iron door, hardwood floor, bricks, and fiberglass. After renovation, his family will live in a comfortable and warm place where they will burn less coal for heating, thus releasing less pollutants into the atmosphere.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,700.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,950 helped Ankhbayar to renovate his house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 23, 2013