A loan of $4,700 helped to purchase building materials such as planks, metals, cements, and bricks.


Ankhbayar's story

Mr. Ankhbayar, 25 years old, lives with his wife, two children, and mother in Erdenet, the third largest city of Mongolia. He has been repairing and selling mobile phones for living since 2009. His wife recently began running small pawnshop. His mother has retired from work and gets a state pension. His mother looks after his two children at home. He wants to make an extension to his house as his children are getting bigger and bigger each passing day. He wants to create separate rooms for his children to study and sleep. So he is requesting a loan of 7,000,000 MNT to purchase building materials such as planks, metal, cement, and bricks. Using those materials, he will make the necessary extension to his house. Aside from providing additional space for the family, the extension also has environmental benefits as it will distribute heat loss and maintain heat longer. The family will begin to burn less coal for heating and contribute to the efforts against air pollution by releasing less pollutants. The borrower is very hardworking young person who values his family over anything.



Loan details


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Loan details