Funded

Total loan: $3,425
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Gan-Erdene

Mongolia
Erdenet, Mongolia / Personal Housing Expenses

A loan of $3,425 helped to build a big, but energy efficient house.


Gan-Erdene's story

Mr. Gan-Erdene, 45, lives with his wife and 2 children, ages 21 and 14, in a small wooden house in Erdenet, the third biggest city of Mongolia. He has been working in a local mining company as a lathe operator since 1994. Gan-Erdene’s wife is a disabled person, so he is the only one who works in the family. His daughter studies at a local university and his son is a high-school student. While his children are growing, Gan-Erdene’s house seems smaller. So, he has decided to take a 4,500,000 MNT loan to build a big, but energy efficient, house. It means that he will be able to add good wall insulation to his house. Average temperatures of the country are around -30° C from November through March, and are about freezing in April and October. January and February averages of -20° C are common, with winter nights of -40° C occurring most years. He said that “Using less energy to heat the house will be his contribution to the environment, and every person should do that”.



Loan details

Loan length:

26 months
Disbursed date: June 7, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 7, 2012