Funded

Total loan: $4,725
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Ganbayar

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $4,725 helped to purchase building materials for his home.


Ganbayar's story

Mr. Ganbayar, 27 years old, lives with his wife and child in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (a portable felt dwelling) on a plot of land.

He has been rendering a taxi service to local people on contract with a private taxi company for nine consecutive years and accumulated a vast amount of experience in this field. His wife is a saleswoman at a trade center. Also, he leases a tire repair workshop to people on a monthly basis. Last year, he began building a house on his land because living in a ger during the winter time is very hard. But due to a lack of finances, he has only built the house's foundation and now lots of work remains undone. So he is requesting a loan of 6,600,000 MNT to purchase building materials such as planks, cement, and gypsum. Using these materials, he can complete the house-building work and provide his family members with comfortable and warm accommodations. When his family moves into the house, they will reduce their coal usage for heating and it will contribute to the efforts against air pollution by releasing less carbon dioxide. The borrower is a very hardworking individual who lost his parent in his earlier childhood and has lived on his own until now.



Loan details

Loan length:

27 months
Disbursed date: April 24, 2013

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: April 24, 2013