Funded

Total loan: $4,500
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Narangerel

Mongolia
Darkhan, Mongolia / Personal Housing Expenses

A loan of $4,500 helped to purchase building and insulation materials.


Narangerel's story

Mrs. Narangerel, 43 years old, lives with her husband and two sons in Darkhan, the second largest city in Mongolia. The family resides in an old house on a plot of land. She has been running a grocery store since 2010. Her husband is a driver at a building company. Their elder son works as a house interior on contract with entities or individuals. She is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam in order to renovate her old house. By doing so, her family will live in a comfortable and warm place where they don't need to burn a lot of coal for heating. Reduction in the usage of coal has a positive impact on the environment, as burning coal is the primary source of air pollution in Mongolia.



Loan details

Loan length:

38 months
Disbursed date: July 29, 2013

Lenders and lending teams



Loan details

Loan length:

38 months
Disbursed date: July 29, 2013