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Ariunjin
Ariunjin is 35 years old and lives with his wife and children in an old house in Ulaanbaatar, the capital city of Mongolia. He has been working as an electrician at a power station since 1994 and accumulated a vast amount of experience in dealing with electricity related matters. His wife offers transportation service to local people using her microvan.

The house they live in has deteriorated over the years and it needs some serious repair, so Ariunjin is requesting a loan of 8,000,000 MNT to buy building and insulation materials such as cements, bricks, fiberglass and foam. Using those materials, he and his wife will repair and insulate their old house, thus creating warmer and more comfortable accommodations for their children. The renovated house will enable the family to burn less coal for heating and release less pollutants into the atmosphere, contributing to the efforts against air pollution.

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.

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About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,619.5
    Mongolia Tugriks (MNT) = $1 USD