A loan of $3,600 helped to complete the new house.

Balganjav's story

Balganjav, aged 72, is a pensioner and his wife is also a pensioner. They live in their small wooden house in the ger district, an area of the city with no running water, minimal roads and erratic electricity, in Ulaanbaatar, the capital city of Mongolia. His two sons and the family of one of them are also living on his plot of land. His older son is single and runs a taxi business. His younger son has a family which consists of five members: his wife and three children. His younger son is a driver for a tour company and his wife doesn’t have a job.

Balganjav started to build a house for his younger son’s family and the house is 20% complete. As every father loves his children, Balganjav is planning to build the house walls with materials such as cement, brick and glass-wool. This is to stop heat loss through the walls which, along with the house's interior decoration, will be built using energy-saving materials. A low-pressure furnace will be installed and this will emit less harmful chemicals into the atmosphere thus helping to save the environment. So that his grandchildren will live in comfortable conditions, Balganjav is requesting a 5,000,000 MNT loan to complete the new house.

Loan details

Lenders and lending teams

Loan details