Funded

Total loan: $3,600
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Altai

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $3,600 helped to insulate his house and fix the floor and roof.


Altai's story

Altai is 20 years old and lives alone in his wooden house in Ulaanbaatar, the capital of Mongolia. His house is located in an area of the city with no running water, minimal roads and spotty electricity. His parents live and work in the countryside.

Since 2010, Altai has been working as a carpenter for a construction company. He is a talented carpenter and began by sculpting little animal shapes when he was in secondary school.

Altai goes to work early in the morning and comes back at midnight due to his workload. When he comes home, a freezing cold house greets him. Thus, he is planning to insulate his home.

With this loan, Altai will fix the floor and roof of his house and make wall insulation using energy-saving materials. These changes will improve his living condition and stop the house from losing heat. As a result of these changes, he can save money that he now spends on heating and emit fewer of the hazardous chemicals generated by the coal-burning stove that warms the house.



Loan details

Loan length:

26 months
Disbursed date: November 5, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: November 5, 2012