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Lkhagvadorj
Lkhagvadorj is 38 years old and lives with his wife and two daughters in Ulaanbaatar, the capital city of Mongolia. He has been working as consulting engineer at a mining company on temporary employment contract since 2012. His wife is unemployed and currently stays at home looking after household matters. Their daughters both go to high school.

The house they live in has deteriorated over the years and it needs some serious repair. So Lkhagvadorj is requesting a loan of 8,000,000 MNT to buy building and insulation materials such as bricks, cements, fiberglass and foam to renovate his home. As a result, the family will burn less coal for heating thus releasing less pollutants into the atmosphere. The burning of coal is considered to be the main source of air pollution in Mongolia according to state research.

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.

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