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Total loan: $1,650
Ulaanbaatar, Ulaanbaatar, Mongolia / Housing
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Lkhagva-Ochir's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase building and insulation materials.
Mr. Lkhagva-Ochir, is 69-years-old and lives with his wife in Ulaanbaatar, the capital city of Mongolia. Together with his children, he owns a three-flat apartment and rents two of the flats to business organizations. Over the years, the apartment walls, roof and windows have deteriorated and the apartment no longer keeps the heat well. Mr. Lkhagva-Ochir is requesting a loan of 2,500,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass, shingles and foam. With these materials, Mr. Lkhagva-Ochir, together with his children, can repair and insulate their old apartment. All the income generated by the family comes from rental fees paid by the two business organizations. The renovation will make the working environment better and preserve energy more efficiently.