Funded

Total loan: $3,600
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Myagmar

Mongolia
Ulaanbaatar, Mongolia / Manufacturing

A loan of $3,600 helped to thicken the walls of his business place with materials like cement, brick, and glass-wool to stop heat loss; to do interior decoration with energy-saving materials; and to install a bio-toilet on the plot of land.


Myagmar's story

Myagmar is 58 years old and lives with his younger son in the ger district, an area of the city with no running water, minimal roads, and spotty electricity, in Ulaanbaatar, the capital city of Mongolia. He has been operating a manufacturing business, making double-glazed windows, with his son in their home province since 2007. In 2010, he built a house for the business. As you know, Mongolia is one of the coldest countries in the world and borders with Siberia to the north. His businessplace is cold and not comfortable. With the loan, he wants to thicken the walls of his businessplace with materials like cement, brick, and glass-wool to stop heat loss; to do interior decoration with energy-saving materials; and to install a low-pressure furnace that releases less harmful chemicals into the atmosphere in order to save the environment. This loan will also be used to install a bio-toilet on the plot of land.



Loan details

Loan length:

16 months
Disbursed date: November 6, 2012

Lenders and lending teams



Loan details

Loan length:

16 months
Disbursed date: November 6, 2012