Funded

Total loan: $2,075
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Onon

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $2,075 helped to purchase building and insulation materials.


Onon's story

Mr. Onon, 60 years old, lives with his wife and son in Ulaanbaatar, capital city of Mongolia. His other three children all got married and live separately from their parents. He has been working as a repairman at a hospital for more than eleven years and accumulated a vast amount of experience in fixing pipes. His wife has retired from work and gets a state pension.

The house they live in has deteriorated over the years and it needs some serious repair. So he is requesting a loan of 3,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam. Using those materials, he and his son can repair and insulate their old house making it far more comfortable and a warm place. The renovated house will enable the family to burn less coal, release fewer pollutants and contribute to the efforts against air pollution. The borrower is very hardworking individual who believes hard work always pays back.



Loan details

Loan length:

26 months
Disbursed date: June 20, 2013

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 20, 2013