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Otgontugs
Mr. Otgontugs is 44 years old and lives with his wife in Ulaanbaatar, the capital city of Mongolia. He has worked at the Ulaanbaatar Railway Station for 18 years. He is requesting 4,000,000 MNT to renovate his older brother's apartment, which was built in 1983. If he renovates his brother's apartment, his single older brother will always feel comfort and love in his home. It is only thanks to you, dear lenders.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,812.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,225 helped Otgontugs to buy some necessary building materials.
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
Possible
Expired:
Jul 22, 2014