A loan of $4,800 helped to make repairs to his rundown house.

Oyunbat's story

Oyunbat is 45 years old and a welder in the carpet factory in Erdenet, the third largest city in Mongolia. He has been doing his job since 1993 nonstop, and he has become one of the skilful, experienced workers in the company.

He lives with his wife and three children in his house, which is in the ger district (gers are Mongolian nomadic yurts). His son and daughter are students at the college, and his wife has worked as a builder since 1999.

Oyunbat’s family owns an old house, which is rundown and loses heat. In winter his family always feels cold and gets sick because it is so chilly at home. He wants to repair some parts of his house. His plan includes rebuilding his floor by cement; insulating the inside walls with foam and glass-wool; repairing his roof with metal sheets, and installing electric floor heating panels. As he expects, the house will be warmer and more comfortable for his family to live in. Also he mentioned cutting his coal-fired furnace after the repairs.

He needs about 6,500,000 MNT to cover the cost of building materials needed to repair to his poor old house. In addition, he and his wife will repair the house themselves.

Loan details

Lenders and lending teams

Loan details