Funded

Total loan: $4,675
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Saruul

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $4,675 helped to complete his house using energy saving materials.


Saruul's story

Saruul, 25, lives with his family in a ger, a traditional Mongolian yurt, in Ulaanbaatar, the capital of Mongolia. His home is located in the boundary area of the city with no running water, minimal roads and spotty electricity. He has been living with his wife for 6 years and they have a two children, three and five years old, who go to the kindergarten. Since 2007, Saruul has worked as a marketing manager at a private television company. His wife started working as an accountant in a media-related company in April 2012.

In 2008, Saruul started building 70 square meter wooden house. He says that he has been building this house by only his family income; he doesn’t take any donations from either side of the family, parents or relatives, as would be usual in Mongolia. As a responsible young man who takes care of the environment and other’s health, he is using railway sleeper in order to make the warm house and to cut the usage of charcoal. Before the New Year, he plans to celebrate a wedding, so he is taking out the loan to complete his house to better accommodate guests. By doing this Saruul can build an energy saving house with less initial heat loss. Smoke from the charcoal burning stoves generates harmful chemicals and dust to the atmosphere. The Mongolian government is taking hierarchical steps to stop charcoal burning or at least minimize use to proper amounts, but charcoal is becoming the widespread fuel in use due to its cheap price.



Loan details

Loan length:

18 months
Disbursed date: October 8, 2012

Lenders and lending teams



Loan details

Loan length:

18 months
Disbursed date: October 8, 2012