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Tsedendorj
Tsedendorj is 52 years old. He lives with his wife, daughter and son in Kherlen, an easternmost town in Mongolia. Tsedendorj has a disability and gets a state pension. His wife and daughter work at a milk factory and his son transports diary products to the capital city to sell. Tsedendorj’s family house has deteriorated over the years and needs some serious repair.

Tsedendorj is requesting a 3,000,000 MNT loan to buy vacuum-insulated windows, hardwood floors, shingles, fiberglass and foam to renovate his house. He will use his loan to create a comfortable and warm place for his family to live. Less coal will be burned and fewer pollutants released into air.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,650.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,825 helped Tsedendorj to renovate his house.
27% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 21, 2013
Currency Exchange Loss:
Possible