Funded

Total loan: $1,825
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Ganbold

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $1,825 helped to buy building materials to repair his bad house.


Ganbold's story

Ganbold is 47 years old, and he has been working in the power plant for 24 years nonstop. He lives with his wife and all of his children, after moving out from their parent’s house. He owns an old small house in the ger district, made up of Mongolian traditional yurts and bad houses, in the boundary district of Ulaanbaatar, the capital city of Mongolia.

His house has not been any repair since they moved in. In winter, his family feels very cold and always does because of the cold and smoke. Mostly he uses coal stoves to just stay warm at home in the wintertime. He knows that using the coal fuel is harmful to the health of his family and environment.

So that he decided to repair his house to reduce the coal usage for the heating. At first he is planning to insulate the walls and renovate the windows for cutting the heat loss. As his calculation, it will cost about MNT 2,500,000 to buy the building materials to repair his bad house.



Loan details

Loan length:

26 months
Disbursed date: September 12, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: September 12, 2012