A loan of $4,950 helped to purchase building and insulation materials, such as fiberglass, planks, and bricks.


Bayarsaikhan's story

Mr. Bayarsaikhan, 47 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling), on a plot of land. He has been rendering taxi services to local people for eleven consecutive years and accumulated a vast amount of experience. His wife purchases fruits from an outdoor market at wholesale prices, and sells them to local people at retail prices.

Even though the ger they live in has been insulated and renovated, the family is not sure whether it can shelter them properly from strong storms and frosts, during harsh winter times. So Bayarsaikhan decided to build a house, which will have vacuum-insulated windows, hardwood floors, hard steel roofing and brick walls. In order to build his dream house, he is requesting a loan of 6,900,000 MNT. He will use this amount to purchase building and insulation materials, such as planks, bricks, iron, fiberglass, foam and gypsum. Using those materials, he can build his own house, which will enable the family to live in a comfortable and warm place during harsh winter times. More importantly, this dream house will contribute to the efforts against air pollution, because the family will burn less coal and emit less smoke. The borrower, one of our reliable clients, used his previous loan for ger insulation as expected, and he paid each installment at the scheduled time, without delay.



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Loan details