Funded

Total loan: $4,325
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Janchiv

Mongolia
Darkhan, Mongolia / Auto Repair

A loan of $4,325 helped to install a central heating system in his automobile repair shop.


Janchiv's story

Mr. Janchiv, 48 years old, lives with his wife and daughter in Darkhan, the second largest city in Mongolia. The family resides in their own house on fenced land. He has been running an automobile repair shop for seven consecutive years. In wintertime, the number of customers decreases drastically, so he produces and sells cookers to local people. The automobile repair shop he owns has been heated by a low pressure heater and the authority of Darkhan city requested he install a central heating system for energy efficiency. So, Mr. Janchiv is requesting a loan of 6,000,000 tugriks to install a central heating system in his automobile repair shop.

The advantage of the installment of a heating system is that it offers a more environmentally-friendly solution than a direct electric heating device. This stems from the fact that most electricity originates remotely using fossil fuels, with up to two-thirds of the energy in the fuel lost at the power station and in transmission losses. Typical efficiencies for central heating are: 85-97% for gas-fired heating; 80-89% for oil-fired, and 45-60% for coal-fired heating. Based on these facts, installment of a heating system in the automobile repair shop will enable Mr. Janchiv to spend less on energy consumption.



Loan details

Loan length:

26 months
Disbursed date: March 13, 2013

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: March 13, 2013