Funded

Total loan: $2,175
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Altangerel

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $2,175 helped to purchase building materials, such as cement, planks and bricks.


Altangerel's story

Mr. Altangerel is 32 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a traditional Mongolian ger (portable felt dwelling) on his fenced land.

He has been working as a concrete mason at a building company for four consecutive years. His wife also works at the same company as a member of the construction armature crew. His eldest child is five years old and youngest child is three years old.

He is requesting a loan of 3000000 MNT to purchase building materials, such as planks, cement, bricks and metals to build a house on his land. In doing so, the family can live in a comfortable and warm place, where they will burn less coal; thus contributing to efforts against air pollution by emitting less smoke.

Also, at this time of year, the price of building materials generally reaches its lowest rate and purchasing building materials now will save large amounts of money for him. The borrower is a very hardworking individual who strives for a better future.



Loan details

Loan length:

20 months
Disbursed date: March 12, 2013

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: March 12, 2013