A loan of $2,175 helped to purchase cement, bricks and fiberglass.

Lkhagvasuren's story

Mr. Lkhagvasuren, 60 years old, lives with his wife and two daughters in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on plot of land. His wife has a position as a book-keeper at a business entity. His elder daughter works as a distributor at an organization which administers the water supply; she is now on maternity leave. His younger daughter works as a bar-keeper in a private business entity. He himself is retired from work and gets a state pension. In retirement, he began transporting his daughter's children to their school and kindergarten.

In the near future, he wants to build his own house on his land. So he is requesting a loan of 3,000,000 MNT to purchase fiber glass, cement and bricks. During this period of the year, the price of building materials reaches its lowest rate and it will save him quite a lot of money. Using his savings, he has already purchased foam substances and other materials. As spring approaches, he will begin construction work on his house.

The borrower is a very hardworking individual who strives for a better future for the sake of his children. Building a high-quality house has several advantages, namely it will reduce the usage of coal thus contributing to the efforts against air pollution and will provide better living conditions for the family etc.

Loan details

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Loan details