A loan of $4,925 helped to purchase construction materials.


Tsogtbayar's story

Mr. Tsogtbayar, 47 years old, lives with his wife, daughter and niece in Ulaanbaatar, the capital city of Mongolia. His wife gets a disability pension from the state, and his daughter works as an organizer at a private business entity. He himself operates an auto crane and now works with a private construction business entity on contract.

In 2004, he built his own house with planks, and in eight years, the house has deteriorated very badly and needs some serious repair. Repairing work includes but is not limited to encasing it with bricks and interior decoration.

In this time of year, the construction materials price is at its lowest and purchasing them now will save a considerable amount of money. So he is requesting a loan of 6,800,000 MNT (Mongolian tugriks) to purchase construction materials such as cement, gypsum board, bricks and glass cotton, etc. As a result, the family can live in a comfortable and warm place. Also in cold periods, the family will burn less coal due to a renovated house, and a reduction of coal usage contributes to the efforts against air pollution.



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Loan details