100%

funded

Total loan: $2,675

Ganbold

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Chingeltei, Ulaanbaatar, Ulaanbaatar, Mongolia / Housing

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A loan helped To buy the necessary materials to finish building his house, which is warmed by electricity.


Ganbold's story

Ganbold, 32, lives with his wife and son in a ger (a Mongolian yurt) in Ulaanbaatar, Mongolia. His son is 14 years old and a secondary school student. Ganbold started selling hats at a local marketplace in 2003. His wife helps with his business. He is a hard-working and humble men. He currently rents two counters to sell hats. His business is running successfully. His business profit is approximately 750,000 MNT per month. In the winter, many Mongolian households burn coal to warm their houses. Coal usage has been one of the biggest causes for air pollution. Ganbold is building his new house to be warmed by electricity. He is asking for a loan to buy some necessary building materials to finish his house. The amount he is requesting is 3,500,000 MNT to buy the necessary materials to finish building his house, which is warmed by electricity.