A loan of $4,750 helped to complete building her new house.


Oyuntogtokh's story

Oyuntogtokh is 54 years old. She has operated a retail business since 1996 at Kharhorin market, the second largest market in the city. She purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. Oyuntogtokh is living with her invalid daughter and her son’s family on her plot of land. She and her son have been building a new house on the land and the house is 60% complete.

The loan that Oyuntogtokh is taking out will be used to complete building her new house. By doing this, she can build an energy-saving house which has less initial heat loss. Smoke from charcoal-burning stoves generates harmful chemicals and dust into the atmosphere. The Mongolian government is taking regulatory steps to stop charcoal burning or to at least minimize its use to appropriate amounts, but charcoal is becoming widespread as the fuel used due to its cheap price.



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Loan details