Update on DelgersaikhanMr. Delgersaikhan, 36 years old, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. He has been rendering a taxi service to local people for ten years. His wife operates a barbershop and hires two barbers.
The house they live in has been deteriorating over the years, so he is requesting a loan of 2,300,000 MNT to buy building materials such as bricks, cement, fiberglass and foam for house renovation. After renovation, his family will live in a comfortable and warm place where less coal is burned for heating, and then fewer pollutants are released into the air.
Previous Loan DetailsDelgersaikhan N. is 34 years old, married, and has three children, two of whom attend school. They live in Ulaanbaatar, the capital of Mongolia. They live in a traditional Mongolian housing tent. His wife is a hair dresser. Delgersaikhan operates a taxi service in the city. In the mornings, he... More from Delgersaikhan's previous loan »
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 MongolCredit 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.
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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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