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Gerelt-Od
Gerelt-Od, 57 years old, lives with his wife in an old house in Darkhan, the second largest city of Mongolia.

He has been working as a sentry at a water reserve agency since 2009. His wife is a cook and works at a restaurant.

He is requesting a loan of 1,000 USD to buy vacuum insulated windows for his house. His old house has damaged windows so dust and dirt come into the house. Vacuum insulated windows will not only protect against dust and dirt but preserve heat during winter. Significant heat loss leads the family to burn more coal for heating.

The borrower is a very hardworking individual who wants to improve his living condition.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Gerelt-Od to install vacuum insulated windows.
12% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2014
Listed
Apr 7, 2014
Currency Exchange Loss:
N/A